BMO Capital Thinks Delphi Energy’s Stock is Going to Recover


In a latest note to investors, a research analyst has provided a rating update for the Delphi Energy (DEE). Analyst Randy Ollenberger from BMO Capital reiterated a Buy rating, with a C$0.60 price target on March 21.

According to TipRanks.com, Ollenberger is a 1-star analyst with an average return of -1.4% and a 45.5% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Athabasca Oil Corporation, and Birchcliff Energy Ltd.

Delphi Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$0.73, a 121.2% upside from current levels. In a report issued on March 15, Raymond James also maintained a Buy rating on the stock with a C$1 price target.

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The company has a one-year high of C$1.03 and a one-year low of C$0.30. Currently, Delphi Energy has an average volume of 162.7K.

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 Tuesday at C$0.33, close to its 52-week low of C$0.30.

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