Delphi Energy (DEE), the Materials sector company, was revisited by a Wall Street analyst today. Raymond James’ analyst Kurt Molnar reiterates their Buy rating on the shares, with a C$1 price target.
According to TipRanks.com, Molnar is ranked 0 out of 5 stars with an average return of -22.5% and a 20.0% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Birchcliff Energy Ltd, and NuVista Energy Ltd.
Currently, the analyst consensus on Delphi Energy is a Moderate Buy with an average price target of C$0.80, representing an 113.3% upside. In a report released yesterday, AltaCorp Captial also maintained a Buy rating on the stock.
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Delphi Energy’s market cap is currently C$812.7M and has a P/E ratio of 0. The company has a Price to Book ratio of 4.30.
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$0.38, close to its 52-week low of C$0.34.
