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

Spartan Delta Corp. (TSE:SDE) has earned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$5.55.

Several research analysts have weighed in on SDE shares. ATB Capital lowered their target price on Spartan Delta from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a research note on Tuesday, February 27th. National Bankshares lifted their target price on Spartan Delta from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. CIBC upgraded Spartan Delta from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$4.00 to C$6.00 in a research note on Thursday, May 9th. BMO Capital Markets lifted their target price on Spartan Delta from C$5.50 to C$6.00 in a research note on Thursday, May 9th. Finally, Desjardins downgraded Spartan Delta from a “buy” rating to a “hold” rating and set a C$4.50 target price on the stock. in a research note on Tuesday, April 23rd.

Spartan Delta Trading Down 1.0 %

SDE opened at C$4.06 on Thursday. The firm 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 has a 52 week low of C$2.63 and a 52 week high of C$15.18. The business’s 50 day moving average is C$4.09 and its two-hundred day moving average is C$3.52. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 18.64.

Spartan Delta (TSE:SDE) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$0.06 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.01). The firm had revenue of C$84.15 million for the quarter. Spartan Delta had a return on equity of 58.05% and a net margin of 154.30%. On average, research analysts predict that Spartan Delta will post 0.3500432 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.