Delphi Energy (TSE:DEE) Share Price Passes Above Two Hundred Day Moving Average of $0.22

Delphi Energy Corp (TSE:DEE) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.22 and traded as high as $0.09. Delphi Energy shares last traded at $0.08, with a volume of 19,697 shares.

DEE has been the subject of a number of recent analyst reports. Raymond James set a C$0.65 target price on Delphi Energy and gave the company an “outperform” rating in a report on Wednesday, May 15th. Royal Bank of Canada lowered their price target on shares of Delphi Energy from C$0.25 to C$0.20 in a report on Thursday, August 8th. Finally, Cormark raised their price objective on shares of Delphi Energy from C$0.30 to C$0.35 in a research report on Friday, August 9th.

The stock has a market cap of $16.70 million and a P/E ratio of -0.18. The firm’s fifty day moving average price is C$0.11 and its two-hundred day moving average price is C$0.22. The company has a debt-to-equity ratio of 185.76, a current ratio of 1.36 and a quick ratio of 0.69.

Delphi Energy (TSE:DEE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.01) by C$0.05. The business had revenue of C$27.97 million for the quarter. On average, research analysts expect that Delphi Energy Corp will post -0.0105882 earnings per share for the current fiscal year.

About Delphi Energy (TSE:DEE)

Delphi Energy Corp., an oil and natural gas company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in Western Canada. The company primarily holds interests in the Bigstone Montney property located in the Deep Basin of Northwest Alberta. It distributes natural gas through Alliance pipeline system in Chicago.

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