Deltic Energy (LON:DELT) Shares Down 2.3% – What’s Next?

Deltic Energy Plc (LON:DELT) shares traded down 2.3% during trading on Wednesday . The company traded as low as GBX 5.62 ($0.07) and last traded at GBX 5.62 ($0.07). 18,675 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 555,905 shares. The stock had previously closed at GBX 5.75 ($0.07).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price target on Deltic Energy from GBX 95 ($1.19) to GBX 85 ($1.07) and set a “speculative buy” rating for the company in a report on Thursday, September 26th.

Deltic Energy Stock Performance

The company has a market cap of £5.23 million, a PE ratio of -24.43 and a beta of 1.63. 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 fifty day simple moving average of GBX 5.84 and a 200-day simple moving average of GBX 8.15.

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.