Deltic Energy (LON:DELT) Price Target Cut to GBX 85

Deltic Energy (LON:DELT) had its price target decreased by investment analysts at Canaccord Genuity Group from GBX 95 ($1.27) to GBX 85 ($1.14) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a “speculative buy” rating on the stock.

Deltic Energy Trading Up 13.9 %

DELT stock opened at GBX 5.27 ($0.07) on Thursday. The company has a market capitalization of £4.90 million, a PE ratio of -175.53 and a beta of 1.63. Deltic Energy has a one year low of GBX 4.50 ($0.06) and a one year high of GBX 44 ($0.59). The company’s 50 day moving average price is GBX 9.92 and its two-hundred day moving average price is GBX 17.01. The company has a debt-to-equity ratio of 0.62, a quick ratio of 30.42 and a current ratio of 3.52.

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.