Spartan Delta Corp. (TSE:SDE) Given Average Rating of “Buy” by Analysts

Spartan Delta Corp. (TSE:SDE) has earned an average rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$9.50.

A number of brokerages recently commented on SDE. BMO Capital Markets upped their target price on Spartan Delta from C$7.50 to C$9.00 in a research note on Tuesday, January 6th. Desjardins boosted their price target on shares of Spartan Delta from C$8.00 to C$8.50 and gave the company a “hold” rating in a report on Tuesday, January 6th. CIBC raised their price objective on shares of Spartan Delta from C$6.25 to C$9.00 in a report on Wednesday, October 15th. Ventum Financial lifted their target price on shares of Spartan Delta from C$9.00 to C$10.50 and gave the company a “buy” rating in a research report on Wednesday. Finally, National Bankshares increased their price target on shares of Spartan Delta from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th.

Spartan Delta Price Performance

Shares of SDE stock opened at C$9.16 on Friday. Spartan Delta has a 12 month low of C$2.39 and a 12 month high of C$9.39. The company has a market capitalization of C$1.84 billion, a P/E ratio of 45.80 and a beta of 0.22. The stock has a 50 day moving average of C$7.72 and a two-hundred day moving average of C$6.22. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49.

Spartan Delta Company Profile

Spartan is committed to creating value for its shareholders, focused on sustainability in both operations and financial performance. The Company’s culture is centered on generating Free Funds Flow through responsible oil and gas exploration and development. The Company has established a portfolio of high-quality production and development opportunities in the Deep Basin and the Duvernay. Spartan will continue to focus on the execution of the Company’s organic drilling program across its portfolio, delivering operational synergies in a respectful and responsible manner in relation to the environment and communities it operates in.