Analysts Offer Predictions for Delphi Energy Corp.’s Q4 2017 Earnings (TSE:DEE)

Delphi Energy Corp. (TSE:DEE) – Research analysts at Beacon Securities issued their Q4 2017 earnings estimates for Delphi Energy in a research report issued on Wednesday, according to Zacks Investment Research. Beacon Securities analyst K. Wilson forecasts that the company will post earnings of $0.01 per share for the quarter.

A number of other research firms have also recently issued reports on DEE. Stifel Nicolaus reaffirmed an “outperform” rating and issued a C$1.75 price target on shares of Delphi Energy in a report on Wednesday, October 18th. GMP Securities lifted their price target on Delphi Energy from C$1.40 to C$1.50 in a report on Monday, November 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$1.75 price target on shares of Delphi Energy in a report on Wednesday, October 18th.

Shares of Delphi Energy (DEE) traded up C$0.02 during trading hours on Thursday, hitting C$0.89. 74,275 shares of the stock traded hands, compared to its average volume of 142,262. Delphi Energy has a 52 week low of C$0.85 and a 52 week high of C$1.79. The firm has a market cap of $165.07, a P/E ratio of -8.90 and a beta of 1.81.

Delphi Energy (TSE:DEE) last issued its earnings results on Wednesday, November 8th. The company reported C($0.02) EPS for the quarter. Delphi Energy had a negative net margin of 16.14% and a negative return on equity of 7.48%. The firm had revenue of C$25.11 million during the quarter, compared to analyst estimates of C$27.90 million.

In related news, insider Michael Galvin sold 25,000 shares of Delphi Energy stock in a transaction dated Friday, November 17th. The stock was sold at an average price of C$1.21, for a total value of C$30,250.00. Insiders purchased 18,000 shares of company stock valued at $21,110 over the last ninety days.

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Delphi Energy Company Profile

Delphi Energy Corp. (Delphi) is a Canada-based company engaged in the acquisition for and exploration, development and production of crude oil, natural gas and natural gas liquids in western Canada. The Company’s operations are principally concentrated in Northwest Alberta at Bigstone, which is in the Deep Basin of Northwest Alberta.

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Earnings History and Estimates for Delphi Energy (TSE:DEE)

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