Analysts Set Spartan Delta Corp. (TSE:SDE) Price Target at C$5.67

Spartan Delta Corp. (TSE:SDE) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$5.67.

Several research firms have recently weighed in on SDE. CIBC increased their price objective on Spartan Delta from C$6.00 to C$7.00 in a research report on Monday, July 15th. Desjardins raised shares of Spartan Delta from a “hold” rating to a “buy” rating and increased their price target for the company from C$4.75 to C$5.00 in a report on Monday, August 12th. National Bankshares boosted their price objective 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, Cormark raised shares of Spartan Delta from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, May 24th.

Spartan Delta Stock Up 0.3 %

SDE stock opened at C$3.58 on Tuesday. The stock has a market capitalization of C$620.06 million, a price-to-earnings ratio of 4.31 and a beta of 1.52. The company has a 50-day moving average of C$3.96 and a two-hundred day moving average of C$3.90. Spartan Delta has a 52-week low of C$2.63 and a 52-week high of C$4.52. The company has a debt-to-equity ratio of 30.43, a current ratio of 0.93 and a quick ratio of 0.66.

Spartan Delta (TSE:SDE) last announced its earnings results on Wednesday, August 7th. The company reported C$0.09 earnings per share for the quarter. The firm had revenue of C$73.45 million during the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. As a group, equities research analysts anticipate that Spartan Delta will post 0.2946783 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Ojay Platt sold 16,333 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$4.00, for a total value of C$65,332.00. 12.44% of the stock is owned by company insiders.

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.