National Bankshares Increases Spartan Delta (TSE:SDE) Price Target to C$5.00

Spartan Delta (TSE:SDE) had its price objective raised by analysts at National Bankshares from C$4.50 to C$5.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 21.65% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. Raymond James reduced their target price on Spartan Delta from C$6.50 to C$5.00 and set an “outperform” rating for the company in a report on Friday, January 19th. ATB Capital lowered their target price on shares of Spartan Delta from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a research report on Tuesday, February 27th. BMO Capital Markets set a C$5.50 price objective on Spartan Delta and gave the stock an “outperform” rating in a report on Tuesday, April 9th. TD Securities dropped their price target on Spartan Delta from C$4.50 to C$4.25 and set a “buy” rating for the company in a research report on Tuesday, February 27th. Finally, Desjardins cut their price target on Spartan Delta from C$4.75 to C$4.50 and set a “buy” rating for the company in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Spartan Delta has an average rating of “Moderate Buy” and an average price target of C$6.26.

Spartan Delta Stock Performance

TSE:SDE traded up C$0.24 during trading hours on Friday, reaching C$4.11. 226,121 shares of the company’s stock were exchanged, compared to its average volume of 224,464. The company has a quick ratio of 0.66, a current ratio of 0.89 and a debt-to-equity ratio of 18.55. The firm has a market capitalization of C$711.85 million, a price-to-earnings ratio of 1.07 and a beta of 1.75. Spartan Delta has a 1-year low of C$2.63 and a 1-year high of C$16.66. The company has a 50-day moving average of C$3.47 and a 200 day moving average of C$3.44.

Spartan Delta (TSE:SDE) last released its quarterly earnings results on Monday, February 26th. The company reported C$0.18 EPS for the quarter, topping the consensus estimate of C$0.12 by C$0.06. The business had revenue of C$77.32 million during the quarter. Spartan Delta had a return on equity of 68.13% and a net margin of 111.86%. Research analysts anticipate that Spartan Delta will post 0.3506013 EPS for the current year.

Spartan Delta Company Profile

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.