A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. RBC Capital’s analyst Luke Davis reiterates their Hold rating on the shares of Delphi Energy (DEE), with a C$0.10 price target.
According to TipRanks.com, Davis is ranked #336 out of 5556 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Delphi Energy with a C$0.18 average price target.
Based on Delphi Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$53.62 million. In comparison, last year the company had a net profit of C$1.25 million.
Delphi Energy Corp. operates as 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 last Friday at C$0.06, close to its 52-week low of C$0.05.
