Delphi Energy (DEE) Receives a Hold from RBC Capital

By Carrie Williams

A Wall Street analyst has provided a rating update for the Materials sector company today, while remaining neutral on the stock. Analyst Keith Mackey from RBC Capital rated Delphi Energy (DEEResearch Report) a Hold, setting a C$0.70 price target.

According to TipRanks.com, Mackey is ranked #4666 out of 5120 analysts.

Currently, the analyst consensus on Delphi Energy is a Moderate Buy with an average price target of C$1.02.

Based on Delphi Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$1.25 million. In comparison, last year the company had a GAAP net loss of C$2.29 million.

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 Monday at C$0.41, close to its 52-week low of C$0.34.