Spartan Delta Corp. (TSE:SDE) Given Average Recommendation of “Buy” by Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have received an average rating of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$5.50.

Several research analysts have commented on the stock. BMO Capital Markets boosted their price objective on shares of Spartan Delta from C$5.50 to C$6.00 in a research report on Thursday, May 9th. Desjardins downgraded shares of Spartan Delta from a “buy” rating to a “hold” rating and set a C$4.50 price target for the company. in a report on Tuesday, April 23rd. CIBC upgraded shares of Spartan Delta from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$4.00 to C$6.00 in a report on Thursday, May 9th. National Bankshares upped their price target on shares of Spartan Delta from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Finally, Stifel Nicolaus upped their price target on shares of Spartan Delta from C$5.75 to C$6.00 in a report on Thursday, May 9th.

Spartan Delta Stock Up 1.2 %

Shares of SDE opened at C$4.06 on Thursday. Spartan Delta has a one year low of C$2.63 and a one year high of C$4.99. The company has a market cap of C$703.19 million, a P/E ratio of 1.20 and a beta of 1.74. The company has a debt-to-equity ratio of 18.64, a current ratio of 0.84 and a quick ratio of 0.66. The firm has a 50 day simple moving average of C$4.10 and a two-hundred day simple moving average of C$3.55.

Spartan Delta (TSE:SDE) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$0.06 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.01). Spartan Delta had a net margin of 154.30% and a return on equity of 58.05%. The firm had revenue of C$84.15 million for the quarter. Research analysts forecast that Spartan Delta will post 0.3500432 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.