Spartan Delta (TSE:SDE) Price Target Raised to C$7.50

Spartan Delta (TSE:SDE) had its price target lifted by Scotiabank from C$6.00 to C$7.50 in a report published on Thursday,BayStreet.CA reports.

SDE has been the topic of several other research reports. BMO Capital Markets decreased their price target on Spartan Delta from C$6.00 to C$5.00 in a research note on Friday, December 13th. National Bankshares lifted their target price on Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$5.83.

Spartan Delta Trading Down 2.6 %

Shares of Spartan Delta stock opened at C$3.80 on Thursday. 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 12-month low of C$2.78 and a 12-month high of C$4.36. The company has a market capitalization of C$658.16 million, a price-to-earnings ratio of 4.58 and a beta of 1.49. The firm’s 50-day moving average price is C$3.55 and its two-hundred day moving average price is C$3.69.

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. The company had revenue of C$60.55 million during the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. On average, analysts forecast that Spartan Delta will post 0.305004 earnings per share for the current fiscal 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.