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 ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$5.56.

Several research firms have issued reports on SDE. Cormark raised Spartan Delta to a “strong-buy” rating in a research note on Monday, September 23rd. National Bankshares upped their target price on shares of 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. Finally, BMO Capital Markets dropped their price target on shares of Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th.

Spartan Delta Trading Up 1.1 %

Shares of SDE opened at C$3.58 on Monday. The firm’s fifty day moving average is C$3.35 and its two-hundred day moving average is C$3.70. The stock has a market cap of C$620.06 million, a PE ratio of 4.31 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 52-week low of C$2.78 and a 52-week high of C$4.36.

Spartan Delta (TSE:SDE) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.02 EPS for the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. The firm had revenue of C$60.55 million during the quarter. Research 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.