Raymond James Thinks Delphi Energy’s Stock is Going to Recover

By Jason Carr

In a new note to investors today, an analyst has provided a rating update for Delphi Energy (DEEResearch Report). Analyst Kurt Molnar from Raymond James reiterated a Buy rating, with a C$0.65 price target.

According to TipRanks.com, Molnar has 0 stars on 0-5 star ranking scale with an average return of -21.2% and a 16.2% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Birchcliff Energy Ltd, and Bonterra Energy Corp.

Delphi Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$0.52.

Delphi Energy’s market cap is currently C$36.18M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.21.

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 Thursday at C$0.19, close to its 52-week low of C$0.16.