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

By Jason Carr

Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Delphi Energy (TSX: DEE) received a Buy rating from BMO Capital’s analyst Randy Ollenberger, with a C$1.10 price target.

According to TipRanks.com, Ollenberger is a 2-star analyst with an average return of 0.3% and a 52.2% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Carrizo Oil & Gas, Chesapeake Energy, and Matador Resources.

Delphi Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$1.15.

The company has a one-year high of C$1.46 and a one-year low of C$0.80. Currently, Delphi Energy has an average volume of 61.68K.

Delphi Energy Corp. is an exploration company. The company 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$0.85, close to its 52-week low of C$0.80.