Spartan Delta Corp. (TSE:SDE) Stock Has Consensus Price Target of C$14.57

Spartan Delta Corp. (TSE:SDE) has received a consensus rating of “Buy” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$14.48.

SDE has been the topic of several research analyst reports. TD reduced their price objective on Spartan Delta from C$17.00 to C$16.00 and set a “buy” rating on the stock in a research note on Wednesday. Desjardins set a C$13.50 target price on shares of Spartan Delta and gave the stock a “hold” rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada set a C$17.00 price target on Spartan Delta and gave the company a “moderate buy” rating in a research note on Wednesday, September 23rd.

Spartan Delta Stock Performance

Spartan Delta stock opened at C$11.16 on Monday. The stock has a market cap of C$2.30 billion, a price-to-earnings ratio of 32.82 and a beta of 0.39. The company has a debt-to-equity ratio of 36.53, a current ratio of 0.68 and a quick ratio of 0.66. The firm has a 50 day simple moving average of C$13.39 and a 200-day simple moving average of C$12.07. Spartan Delta has a 1-year low of C$6.48 and a 1-year high of C$15.13.

Spartan Delta (TSE:SDE) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported C$0.02 earnings per share (EPS) for the quarter. Spartan Delta had a net margin of 11.31% and a return on equity of 10.02%. The business had revenue of C$181.48 million for the quarter. On average, analysts expect that Spartan Delta will post 0.31 EPS for the current 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.