Spartan Delta (TSE:SDE – Get Free Report) had its target price upped by equities research analysts at Cormark from C$6.50 to C$7.50 in a note issued to investors on Wednesday, BayStreet.CA reports. Cormark’s target price would suggest a potential upside of 76.47% from the stock’s previous close.
A number of other analysts have also weighed in on the stock. Raymond James cut their target price on shares of 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. TD Securities cut their price target on Spartan Delta from C$4.50 to C$4.25 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. BMO Capital Markets set a C$5.50 price objective on Spartan Delta and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Desjardins lowered shares of Spartan Delta from a “buy” rating to a “hold” rating and set a C$4.50 target price on the stock. in a report on Tuesday, April 23rd. Finally, National Bankshares upped their price target on Spartan Delta from C$5.00 to C$5.50 in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$5.36.
View Our Latest Stock Report on Spartan Delta
Spartan Delta Price Performance
Spartan Delta (TSE:SDE – Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). The business had revenue of C$84.15 million during the quarter. Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. Sell-side analysts forecast 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.
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