Analysts Set Spartan Delta Corp. (TSE:SDE) PT at C$5.56

Shares of Spartan Delta Corp. (TSE:SDE) have received a consensus rating of “Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$5.56.

SDE has been the topic of a number of analyst reports. Cormark upgraded shares of Spartan Delta to a “strong-buy” rating in a research note on Monday, September 23rd. National Bankshares upped their price target on shares of Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, BMO Capital Markets dropped their price target on shares of Spartan Delta from C$6.00 to C$5.00 in a research note on Friday, December 13th.

Spartan Delta Stock Performance

Shares of SDE stock opened at C$4.04 on Monday. Spartan Delta has a 12 month low of C$2.78 and a 12 month high of C$4.36. The stock has a market cap of C$699.73 million, a PE ratio of 4.87 and a beta of 1.49. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 30.43. The company’s fifty day moving average price is C$3.40 and its 200-day moving average price is C$3.70.

Spartan Delta (TSE:SDE) last announced its earnings results on Tuesday, November 5th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$60.55 million for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. On average, equities analysts expect that Spartan Delta will post 0.305004 EPS for the current fiscal year.

About Spartan Delta

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.