Deltic Energy (LON:DELT) Shares Down 6.3% – Should You Sell?

Deltic Energy Plc (LON:DELT)’s stock price dropped 6.3% during mid-day trading on Thursday . The company traded as low as GBX 4.11 ($0.05) and last traded at GBX 4.45 ($0.05). Approximately 319,888 shares were traded during trading, an increase of 166% from the average daily volume of 120,224 shares. The stock had previously closed at GBX 4.75 ($0.06).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price objective on Deltic Energy from GBX 95 ($1.16) to GBX 85 ($1.04) and set a “speculative buy” rating for the company in a report on Thursday, September 26th.

Deltic Energy Price Performance

The firm has a 50-day moving average of GBX 5.77 and a 200-day moving average of GBX 7.55. The stock has a market cap of £4.14 million, a PE ratio of -19.35 and a beta of 1.63. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.70 and a quick ratio of 30.42.

About Deltic Energy

An emerging UK focused E&P company