Spartan Delta Corp. (TSE:SDE) Given Average Recommendation of “Moderate Buy” by Brokerages

Spartan Delta Corp. (TSE:SDE) has earned an average rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$11.09.

SDE has been the topic of a number of recent research reports. Desjardins lifted their price target on shares of Spartan Delta from C$9.50 to C$11.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. BMO Capital Markets raised their target price on shares of Spartan Delta from C$9.00 to C$11.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Scotiabank lifted their target price on shares of Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. TD Securities upped their price target on shares of Spartan Delta from C$9.50 to C$12.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Roth Mkm set a C$13.50 price target on Spartan Delta and gave the company a “buy” rating in a report on Wednesday, March 4th.

Spartan Delta Price Performance

Shares of TSE:SDE opened at C$12.65 on Friday. The firm has a market capitalization of C$2.54 billion, a price-to-earnings ratio of 36.14 and a beta of 0.31. The company has a debt-to-equity ratio of 29.03, a current ratio of 0.87 and a quick ratio of 0.66. The business’s 50 day simple moving average is C$10.24 and its 200-day simple moving average is C$7.81. Spartan Delta has a 12 month low of C$2.39 and a 12 month high of C$12.97.

About Spartan Delta

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.