Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Deltic Energy (LON:DELT – Free Report) in a report released on Wednesday, MarketBeat reports. Canaccord Genuity Group currently has a GBX 160 ($1.99) target price on the stock.
Deltic Energy Stock Performance
Shares of Deltic Energy stock opened at GBX 39 ($0.49) on Wednesday. The business’s 50 day moving average price is GBX 33.53 and its 200 day moving average price is GBX 27.16. The company has a debt-to-equity ratio of 0.75, a quick ratio of 30.42 and a current ratio of 3.70. The company has a market cap of £36.31 million, a price-to-earnings ratio of -975.00 and a beta of 1.48. Deltic Energy has a one year low of GBX 20 ($0.25) and a one year high of GBX 44 ($0.55).
Insiders Place Their Bets
In other Deltic Energy news, insider Peter Cowley sold 50,924 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of GBX 36 ($0.45), for a total transaction of £18,332.64 ($22,821.66). 32.28% of the stock is owned by insiders.
About Deltic Energy
Deltic Energy Plc, a natural resources investing company, engages in the exploration, evaluation, and development of oil and gas licenses. It holds licenses in the Southern and Central North Sea. The company was formerly known as Cluff Natural Resources Plc and changed its name to Deltic Energy Plc in June 2020.
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