Spartan Delta (TSE:SDE – Get Free Report) was downgraded by equities researchers at Desjardins from a “buy” rating to a “hold” rating in a research note issued on Tuesday, BayStreet.CA reports. They presently have a C$4.50 price objective on the stock. Desjardins’ target price suggests a potential upside of 7.91% from the company’s current price.
A number of other brokerages have also recently weighed in on SDE. Raymond James dropped their price target on Spartan Delta from C$6.50 to C$5.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Stifel Nicolaus upped their price target on shares of Spartan Delta from C$4.25 to C$4.50 and gave the company a “buy” rating in a report on Tuesday, February 27th. BMO Capital Markets set a C$5.50 price objective on shares of Spartan Delta and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. ATB Capital cut their price objective on Spartan Delta from C$4.50 to C$4.25 and set a “sector perform” rating for the company in a research report on Tuesday, February 27th. Finally, TD Securities cut their price target on Spartan Delta from C$4.50 to C$4.25 and set a “buy” rating for the company in a report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$6.29.
Get Our Latest Analysis on SDE
Spartan Delta Price Performance
Spartan Delta (TSE:SDE – Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported C$0.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.06. Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. The business had revenue of C$77.32 million for the quarter. Analysts predict that Spartan Delta will post 0.3506013 EPS for the current fiscal year.
Spartan Delta Company Profile
Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.
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