Spartan Delta (TSE:SDE) Upgraded to “Moderate Buy” at Desjardins

Desjardins upgraded shares of Spartan Delta (TSE:SDE) to a moderate buy rating in a research report released on Thursday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets cut their price objective on shares of Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. National Bankshares increased their price objective on shares of Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Scotiabank increased their price objective on shares of Spartan Delta from C$6.00 to C$7.50 in a report on Thursday. One analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$5.83.

Spartan Delta Stock Down 2.6 %

SDE stock opened at C$3.80 on Thursday. The business’s 50-day moving average price is C$3.54 and its 200-day moving average price is C$3.69. The stock has a market cap of C$658.16 million, a P/E ratio of 4.58 and a beta of 1.49. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 30.43. Spartan Delta has a twelve month low of C$2.78 and a twelve month high of C$4.36.

Spartan Delta (TSE:SDE) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.02 earnings per share for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. The business had revenue of C$60.55 million for the quarter. On average, equities research analysts forecast that Spartan Delta will post 0.305004 EPS 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.