Deltic Energy (LON:DELT) Trading 1.1% Higher – Time to Buy?

Deltic Energy Plc (LON:DELT)’s share price shot up 1.1% during mid-day trading on Thursday . The stock traded as high as GBX 6 ($0.07) and last traded at GBX 5.31 ($0.07). 190,221 shares traded hands during trading, an increase of 107% from the average session volume of 92,041 shares. The stock had previously closed at GBX 5.25 ($0.06).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their target price on Deltic Energy from GBX 95 ($1.17) to GBX 85 ($1.05) and set a “speculative buy” rating on the stock in a report on Thursday, September 26th.

Deltic Energy Stock Up 1.1 %

The stock has a market cap of £4.94 million, a price-to-earnings ratio of -23.09 and a beta of 1.63. The company has a current ratio of 1.70, a quick ratio of 30.42 and a debt-to-equity ratio of 3.02. The firm’s 50 day moving average is GBX 5.84 and its two-hundred day moving average is GBX 7.61.

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.