Spartan Delta Corp. (SDE.TO) – What Are Analysts Saying About This Stock?

Spartan Delta Corp. (TSE:SDE) has been given a consensus rating of “Buy” by the eleven brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$14.10.

A number of equities analysts recently commented on SDE shares. Scotiabank upgraded Spartan Delta to a “strong-buy” rating in a report on Friday, June 26th. Desjardins set a C$13.50 price objective on Spartan Delta and gave the company a “hold” rating in a research report on Friday, July 17th. Royal Bank Of Canada set a C$17.00 target price on Spartan Delta and gave the stock a “moderate buy” rating in a research note on Wednesday, September 23rd. Finally, TD lifted their target price on Spartan Delta from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th.

Spartan Delta Price Performance

TSE:SDE opened at C$13.74 on Thursday. Spartan Delta has a 1-year low of C$5.24 and a 1-year high of C$14.40. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 30.41. The firm has a fifty day simple moving average of C$12.89 and a 200 day simple moving average of C$12.41. The stock has a market capitalization of C$2.82 billion, a PE ratio of 39.26 and a beta of 0.21.

Spartan Delta (TSE:SDE) last issued its earnings results on Wednesday, July 29th. The company reported C$0.20 earnings per share for the quarter. Spartan Delta had a net margin of 13.77% and a return on equity of 10.71%. The business had revenue of C$166.14 million for the quarter. On average, research analysts expect that Spartan Delta will post 0.31 EPS for the current fiscal year.

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.