Royal Bank Of Canada Analysts Give Spartan Delta (TSE:SDE) a C$17.00 Price Target

Royal Bank Of Canada set a C$17.00 target price on Spartan Delta (TSE:SDE) in a report published on Wednesday, MarketBeat Ratings reports. The firm currently has a moderate buy rating on the stock.

A number of other analysts also recently weighed in on the company. Desjardins set a C$13.50 price target on Spartan Delta and gave the company a “hold” rating in a research note on Friday, July 17th. Scotiabank raised Spartan Delta to a “strong-buy” rating in a report on Friday, June 26th. Finally, TD upped their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$14.10.

Spartan Delta Stock Performance

Shares of SDE opened at C$12.90 on Wednesday. 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 market cap of C$2.65 billion, a PE ratio of 36.86 and a beta of 0.24. The company’s 50 day simple moving average is C$12.60 and its 200-day simple moving average is C$12.29. Spartan Delta has a 12-month low of C$5.24 and a 12-month high of C$14.40.

Spartan Delta (TSE:SDE) last announced its earnings results on Wednesday, July 29th. The company reported C$0.20 earnings per share for the quarter. The company had revenue of C$166.14 million for the quarter. Spartan Delta had a return on equity of 10.71% and a net margin of 13.77%. As a group, equities analysts predict that Spartan Delta will post 0.305004 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.