Brokerages Set Spartan Delta Corp. (TSE:SDE) PT at C$6.29

Spartan Delta Corp. (TSE:SDE) has been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$6.29.

A number of analysts recently weighed in on SDE shares. TD Securities cut their price target on shares of Spartan Delta from C$4.50 to C$4.25 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. National Bankshares boosted their price target on shares of Spartan Delta from C$4.50 to C$5.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Stifel Nicolaus lifted their target price on Spartan Delta from C$4.25 to C$4.50 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Raymond James lowered their price target on Spartan Delta from C$6.50 to C$5.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Finally, ATB Capital decreased 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.

Spartan Delta Trading Up 2.4 %

Shares of SDE opened at C$4.21 on Wednesday. The stock’s fifty day simple moving average is C$3.71 and its 200-day simple moving average is C$3.44. The company has a quick ratio of 0.66, a current ratio of 0.89 and a debt-to-equity ratio of 18.55. The firm has a market capitalization of C$729.17 million, a PE ratio of 1.10 and a beta of 1.75. Spartan Delta has a 12-month low of C$2.63 and a 12-month high of C$16.66.

Spartan Delta (TSE:SDE) 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. The business had revenue of C$77.32 million during the quarter. Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. As a group, research analysts predict that Spartan Delta will post 0.3284434 earnings per share for the current 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.