Spartan Delta (TSE:SDE – Free Report) had its price objective raised by CIBC from C$3.75 to C$4.00 in a research report report published on Monday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.
A number of other brokerages also recently weighed in on SDE. ATB Capital dropped their price objective on Spartan Delta from C$4.50 to C$4.25 and set a sector perform rating on the stock in a research report on Tuesday, February 27th. Raymond James dropped their price objective on Spartan Delta from C$6.50 to C$5.00 and set an outperform rating on the stock in a research report on Friday, January 19th. National Bankshares raised their price objective on Spartan Delta from C$4.50 to C$5.00 and gave the company an outperform rating in a research report on Friday, April 19th. BMO Capital Markets set a C$5.50 price objective on Spartan Delta and gave the company an outperform rating in a research report on Tuesday, April 9th. Finally, Desjardins dropped their price objective on Spartan Delta from C$4.75 to C$4.50 and set a buy rating on the stock in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of C$6.29.
View Our Latest Stock Report on Spartan Delta
Spartan Delta Price Performance
Spartan Delta (TSE:SDE – Get Free Report) last issued its earnings results on Monday, February 26th. The company reported C$0.18 earnings per share for the quarter, topping the consensus estimate of C$0.12 by C$0.06. The business had revenue of C$77.32 million during the quarter. Spartan Delta had a return on equity of 68.13% and a net margin of 111.86%. On average, 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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