Delphi Energy (DEE) Gets a Buy Rating from Raymond James

By Jason Carr

Today, an analyst has provided a rating update for the Materials sector company, Delphi Energy (DEEResearch Report). Analyst Kurt Molnar from Raymond James rated Delphi Energy (DEEResearch Report) a Buy, setting a C$0.65 price target.

According to TipRanks.com, Molnar ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -20.7% and a 18.8% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Birchcliff Energy Ltd, and Bonterra Energy Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Delphi Energy with a C$0.52 average price target.

The company has a one-year high of C$1 and a one-year low of C$0.16. Currently, Delphi Energy has an average volume of 162.8K.

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 on Wednesday at C$0.24, close to its 52-week low of C$0.16.