Spartan Delta Corp. (TSE:SDE) Receives C$5.55 Consensus Target Price from Brokerages

Spartan Delta Corp. (TSE:SDE) has been assigned a consensus recommendation of “Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$5.50.

A number of brokerages recently weighed in on SDE. Cormark upgraded shares of Spartan Delta from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, May 24th. Cibc World Mkts upgraded shares of Spartan Delta from a “hold” rating to a “strong-buy” rating 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 objective on the stock. in a research report on Tuesday, April 23rd. National Bankshares increased their price objective on shares of Spartan Delta from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Finally, Stifel Nicolaus increased their price objective on shares of Spartan Delta from C$5.75 to C$6.00 in a research report on Thursday, May 9th.

Spartan Delta Trading Up 1.2 %

TSE:SDE opened at C$4.06 on Thursday. The company’s 50 day moving average price is C$4.10 and its 200-day moving average price is C$3.55. Spartan Delta has a 52 week low of C$2.63 and a 52 week high of C$4.99. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 18.64. The stock has a market cap of C$703.19 million, a price-to-earnings ratio of 1.20 and a beta of 1.74.

Spartan Delta (TSE:SDE) last posted its quarterly 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 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. On average, equities research analysts forecast that Spartan Delta will post 0.3500432 earnings per share 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.