Delphi Energy Corp. (DEE) Trading Down 0% Following Insider Selling

Delphi Energy Corp. (TSE:DEE) traded down 0% during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as C$1.20 and last traded at C$1.21. 272,255 shares were traded during mid-day trading, an increase of 7% from the average session volume of 255,033 shares. The stock had previously closed at C$1.21.

Specifically, insider Michael Galvin sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of C$1.21, for a total transaction of C$30,250.00.

A number of research analysts recently weighed in on the stock. GMP Securities lifted their target price on shares of Delphi Energy Corp. from C$1.40 to C$1.50 in a research note on Monday, November 13th. BMO Capital Markets reiterated an “outperform” rating and issued a C$1.75 price target on shares of Delphi Energy Corp. in a report on Wednesday, October 18th. Stifel Nicolaus reiterated an “outperform” rating and issued a C$1.75 price target on shares of Delphi Energy Corp. in a report on Wednesday, October 18th. Finally, Raymond James Financial, Inc. reduced their price target on shares of Delphi Energy Corp. from C$2.25 to C$2.20 and set a “strong-buy” rating on the stock in a report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$1.77.

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Delphi Energy Corp. Company Profile

Delphi Energy Corp. (Delphi) is a Canada-based company engaged in the acquisition for and exploration, development and production of crude oil, natural gas and natural gas liquids in western Canada. The Company’s operations are principally concentrated in Northwest Alberta at Bigstone, which is in the Deep Basin of Northwest Alberta.

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