AltaCorp Captial Thinks Delphi Energy’s Stock is Going to Recover


Delphi Energy (DEE), the Materials sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Patrick O’rourke from AltaCorp Captial reiterated a Buy rating

According to TipRanks.com, O’rourke has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.7% and a 38.9% success rate. O’rourke covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Paramount Resources Ltd, and Birchcliff Energy Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Delphi Energy with a C$0.78 average price target.

The company has a one-year high of C$1.03 and a one-year low of C$0.34. Currently, Delphi Energy has an average volume of 210K.

Delphi Energy Corp. is an exploration company. The firm engages in the exploration, development and production of crude oil, natural gas. Its projects include Montney and cretaceous, which are located in Bigstone. The company was founded on June 19, 2003 and is headquartered in Calgary, Canada.

The company’s shares closed on Monday at C$0.37, close to its 52-week low of C$0.34.

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