Deltic Energy (LON:DELT) Shares Down 13.7% – Here’s Why

Shares of Deltic Energy Plc (LON:DELT) traded down 13.7% during mid-day trading on Monday . The stock traded as low as GBX 6.51 ($0.08) and last traded at GBX 6.51 ($0.08). 564,415 shares traded hands during trading, a decline of 2% from the average session volume of 576,315 shares. The stock had previously closed at GBX 7.54 ($0.09).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their target price on Deltic Energy from GBX 95 ($1.20) to GBX 85 ($1.07) and set a “speculative buy” rating for the company in a report on Thursday, September 26th.

Deltic Energy Price Performance

The company has a quick ratio of 30.42, a current ratio of 1.70 and a debt-to-equity ratio of 3.02. The firm has a market capitalization of £5.54 million, a price-to-earnings ratio of -29.75 and a beta of 1.63. The company has a fifty day moving average price of GBX 6.11 and a two-hundred day moving average price of GBX 9.26.

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.