Desjardins cut shares of Spartan Delta (TSE:SDE – Free Report) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The firm currently has C$4.50 target price on the stock.
Other equities research analysts also recently issued reports about the company. BMO Capital Markets set a C$5.50 price objective on Spartan Delta and gave the company an outperform rating in a report on Tuesday, April 9th. CIBC increased their price target on Spartan Delta from C$3.75 to C$4.00 and gave the stock a neutral rating in a report on Monday, April 22nd. TD Securities reduced their target price on Spartan Delta from C$4.50 to C$4.25 and set a buy rating for the company in a report on Tuesday, February 27th. National Bankshares raised their target price on Spartan Delta from C$4.50 to C$5.00 and gave the company an outperform rating in a report on Friday, April 19th. Finally, Stifel Nicolaus raised their price target on Spartan Delta from C$4.25 to C$4.50 and gave the company a buy rating in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of C$6.29.
Read Our Latest Stock Analysis on Spartan Delta
Spartan Delta Stock Performance
Spartan Delta (TSE:SDE – Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported C$0.18 EPS for the quarter, beating the consensus estimate of C$0.12 by C$0.06. The company had revenue of C$77.32 million for the quarter. Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. Research analysts forecast that Spartan Delta will post 0.3506013 EPS for the current fiscal 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.
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