Canaccord Genuity Group Reaffirms “Speculative Buy” Rating for Deltic Energy (LON:DELT)

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Deltic Energy (LON:DELT) in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has a GBX 160 ($1.99) price target on the stock.

Deltic Energy Price Performance

DELT stock opened at GBX 39 ($0.49) on Wednesday. The company has a market capitalization of £36.31 million, a P/E ratio of -975.00 and a beta of 1.48. Deltic Energy has a 52-week low of GBX 20 ($0.25) and a 52-week high of GBX 44 ($0.55). The business has a 50-day simple moving average of GBX 33.91 and a two-hundred day simple moving average of GBX 27.34. The company has a debt-to-equity ratio of 0.75, a quick ratio of 30.42 and a current ratio of 3.70.

Insider Activity at Deltic Energy

In other Deltic Energy news, insider Peter Cowley sold 50,924 shares of Deltic Energy stock in a transaction on Tuesday, February 20th. The shares were 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 currently owned by insiders.

Deltic Energy Company Profile

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.