Deltic Energy (LON:DELT) Stock Price Up 11.1% – What’s Next?

Shares of Deltic Energy Plc (LON:DELT) shot up 11.1% on Friday . The company traded as high as GBX 5.50 ($0.07) and last traded at GBX 5 ($0.06). 217,973 shares were traded during mid-day trading, an increase of 60% from the average session volume of 136,203 shares. The stock had previously closed at GBX 4.50 ($0.06).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their target price on shares of Deltic Energy from GBX 95 ($1.17) to GBX 85 ($1.05) and set a “speculative buy” rating for the company in a research note on Thursday, September 26th.

Deltic Energy Stock Performance

The stock has a market cap of £4.66 million, a price-to-earnings ratio of -21.74 and a beta of 1.63. The stock’s 50-day simple moving average is GBX 5.76 and its two-hundred day simple moving average is GBX 7.44. The company has a debt-to-equity ratio of 3.02, a quick ratio of 30.42 and a current ratio of 1.70.

About Deltic Energy

An emerging UK focused E&P company