Spartan Delta (TSE:SDE) Given New C$6.00 Price Target at National Bankshares

Spartan Delta (TSE:SDE) had its price objective hoisted by investment analysts at National Bankshares from C$5.50 to C$6.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 46.70% from the company’s previous close.

A number of other brokerages have also recently commented on SDE. ATB Capital dropped their price target on 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 lifted their target price on shares of Spartan Delta from C$5.50 to C$6.00 in a research note on Thursday, May 9th. Stifel Nicolaus upped their price target on shares of Spartan Delta from C$5.75 to C$6.00 in a research note on Thursday, May 9th. CIBC upgraded shares of Spartan Delta from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$4.00 to C$6.00 in a research note on Thursday, May 9th. Finally, TD Securities dropped their target price on Spartan Delta from C$4.50 to C$4.25 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$5.77.

Spartan Delta Stock Performance

Shares of TSE SDE traded up C$0.09 during midday trading on Friday, reaching C$4.09. The company’s stock had a trading volume of 78,801 shares, compared to its average volume of 235,733. The company has a debt-to-equity ratio of 18.55, a current ratio of 0.89 and a quick ratio of 0.66. The stock has a market capitalization of C$708.39 million, a P/E ratio of 1.07 and a beta of 1.75. The firm has a 50 day moving average price of C$3.93 and a 200-day moving average price of C$3.43. Spartan Delta has a 12-month low of C$2.63 and a 12-month high of C$15.77.

Spartan Delta (TSE:SDE) last released its earnings results on Tuesday, May 7th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). Spartan Delta had a return on equity of 68.13% and a net margin of 111.86%. The business had revenue of C$84.15 million for the quarter. As a group, equities analysts predict that Spartan Delta will post 0.3284434 earnings per share 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.