Spartan Delta Corp. (TSE:SDE) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have been given an average rating of “Buy” by the ten research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$13.84.

A number of brokerages recently commented on SDE. Scotiabank upgraded Spartan Delta to a “strong-buy” rating in a research report on Friday, June 26th. TD raised their price objective on shares of Spartan Delta from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Desjardins set a C$13.50 target price on shares of Spartan Delta and gave the company a “hold” rating in a report on Friday, July 17th.

Spartan Delta Price Performance

Shares of Spartan Delta stock opened at C$13.48 on Friday. The business has a 50 day simple moving average of C$12.28 and a two-hundred day simple moving average of C$12.12. Spartan Delta has a 12 month low of C$5.00 and a 12 month high of C$14.40. The stock has a market capitalization of C$2.77 billion, a P/E ratio of 38.51 and a beta of 0.24. The company has a debt-to-equity ratio of 30.41, a current ratio of 0.73 and a quick ratio of 0.66.

Spartan Delta (TSE:SDE) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.20 EPS for the quarter. The firm had revenue of C$166.14 million during the quarter. Spartan Delta had a return on equity of 10.71% and a net margin of 13.77%. As a group, analysts predict that Spartan Delta will post 0.305004 EPS for the current fiscal year.

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.