Delphi Energy (DEE) Shares Down 0.9%

Delphi Energy Corp. (TSE:DEE) shares traded down 0.9% during mid-day trading on Tuesday . The company traded as low as C$1.05 and last traded at C$1.08. 111,400 shares traded hands during trading, a decline of 44% from the average session volume of 199,472 shares. The stock had previously closed at C$1.07.

A number of research analysts have issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and set a C$1.75 price objective on shares of Delphi Energy in a research note on Wednesday, October 18th. Stifel Nicolaus reiterated an “outperform” rating and set a C$1.75 price objective on shares of Delphi Energy in a research note on Wednesday, October 18th. Finally, GMP Securities lifted their price objective on Delphi Energy from C$1.40 to C$1.50 in a research note on Monday, November 13th.

The stock has a market cap of $191.03, a P/E ratio of -10.20 and a beta of 1.94.

Delphi Energy (TSE:DEE) last posted its quarterly earnings results on Wednesday, November 8th. The company reported C($0.02) earnings per share for the quarter. Delphi Energy had a negative return on equity of 7.48% and a negative net margin of 16.14%.

In other news, insider Michael Galvin sold 25,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of C$1.21, for a total value of C$30,250.00. Insiders bought 18,000 shares of company stock valued at $21,110 in the last 90 days.

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Delphi Energy Company Profile

Delphi Energy Corp. (Delphi) is a Canada-based company engaged in the acquisition for and exploration, development and production of crude oil, natural gas and natural gas liquids in western Canada. The Company’s operations are principally concentrated in Northwest Alberta at Bigstone, which is in the Deep Basin of Northwest Alberta.

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