Deltic Energy (LON:DELT) Given “Speculative Buy” Rating at Canaccord Genuity Group

Deltic Energy (LON:DELT)‘s stock had its “speculative buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 160 ($1.99) price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 300.00% from the stock’s previous close.

Deltic Energy Price Performance

LON DELT opened at GBX 40 ($0.50) on Wednesday. The company has a market cap of £37.24 million, a P/E ratio of -987.50 and a beta of 1.48. Deltic Energy has a 1 year low of GBX 20 ($0.25) and a 1 year high of GBX 44 ($0.55). The company has a fifty day simple moving average of GBX 33.34 and a 200 day simple moving average of GBX 27.08. The company has a current ratio of 3.70, a quick ratio of 30.42 and a debt-to-equity ratio of 0.75.

Insider Activity at Deltic Energy

In other news, insider Peter Cowley sold 50,924 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of GBX 36 ($0.45), for a total value of £18,332.64 ($22,821.66). Corporate insiders own 32.28% of the company’s stock.

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.