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

Spartan Delta Corp. (TSE:SDE) has earned a consensus rating of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. One 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 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$5.50.

Several analysts have recently commented on the stock. Cormark raised shares of Spartan Delta to a “strong-buy” rating in a report on Monday, September 23rd. National Bankshares dropped their price objective on shares of Spartan Delta from C$6.00 to C$5.50 in a report on Friday, September 27th. Finally, BMO Capital Markets dropped their price objective on shares of Spartan Delta from C$6.00 to C$5.00 in a report on Friday.

Spartan Delta Stock Down 1.3 %

TSE:SDE opened at C$3.05 on Thursday. The company has a market cap of C$528.26 million, a PE ratio of 3.67 and a beta of 1.49. Spartan Delta has a twelve month low of C$2.78 and a twelve month high of C$4.36. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 30.43. The company’s 50 day moving average is C$3.45 and its two-hundred day moving average is C$3.79.

Spartan Delta (TSE:SDE) last released its earnings results on Tuesday, November 5th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$60.55 million for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. Analysts anticipate that Spartan Delta will post 0.305004 EPS for the current year.

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.