BMO Capital Reiterates Their Buy Rating on Delphi Energy (DEE)

By Ryan Adsit

Delphi Energy (TSX: DEE), the Materials sector company was revisited on October 8, and remains undervalued for at least one analyst on the street. Analyst Randy Ollenberger from BMO Capital reiterated a Buy rating, with a C$1.25 price target on October 8.

According to TipRanks.com, Ollenberger is a 3-star analyst with an average return of 1.1% and a 50.4% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Birchcliff Energy Ltd, Imperial Oil Limited, and Encana Corp.

Currently, the analyst consensus on Delphi Energy is a Moderate Buy with an average price target of C$1.32, which is a 73.7% upside from current levels. In a report issued on October 5, Raymond James also maintained a Buy rating on the stock with a C$1.50 price target.

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Delphi Energy’s market cap is currently C$142.9M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.76.

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 Thursday at C$0.76, close to its 52-week low of C$0.67.