Spartan Delta Corp. (TSE:SDE) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have been given an average rating of “Buy” by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$5.83.

Several equities analysts have recently issued reports on the stock. Scotiabank lifted their price objective on shares of Spartan Delta from C$6.00 to C$7.50 in a research note on Thursday. BMO Capital Markets decreased their price target on shares of Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. Finally, National Bankshares increased their price objective 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.

Spartan Delta Trading Up 1.8 %

Spartan Delta stock opened at C$3.90 on Friday. Spartan Delta has a 12-month low of C$2.78 and a 12-month high of C$4.36. The company has a debt-to-equity ratio of 30.43, a current ratio of 0.93 and a quick ratio of 0.66. The stock has a market capitalization of C$675.48 million, a PE ratio of 4.70 and a beta of 1.49. The firm has a 50 day simple moving average of C$3.54 and a 200-day simple moving average of 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 (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. As a group, equities research analysts expect that Spartan Delta will post 0.305004 EPS 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.