Deltic Energy (LON:DELT) Trading Down 6.3% – What’s Next?

Shares of Deltic Energy Plc (LON:DELT) dropped 6.3% 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 changed hands 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).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their price objective on Deltic Energy from GBX 95 ($1.16) to GBX 85 ($1.03) and set a “speculative buy” rating on the stock in a research note on Thursday, September 26th.

Deltic Energy Stock Up 5.9 %

The firm has a 50 day simple moving average of GBX 5.76 and a two-hundred day simple moving average of GBX 7.51. The stock has a market cap of £4.19 million, a price-to-earnings ratio of -19.57 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