Delphi Energy (DEE) Receives a Buy from Raymond James
Delphi Energy (DEE), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Kurt Molnar from Raymond James reiterated a Buy rating, with a C$1 price target.
According to TipRanks.com, Molnar has currently no stars on a ranking scale of 0-5 stars, with an average return of -22.1% and a 20.5% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Birchcliff Energy Ltd, and NuVista Energy Ltd.
Delphi Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$0.74, which is a 105.6% upside from current levels. In a report issued on March 4, AltaCorp Captial also maintained a Buy rating on the stock.
Based on Delphi Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$17.32 million. In comparison, last year the company had a GAAP net loss of C$2.29 million.
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 Friday at C$0.36, close to its 52-week low of C$0.30.