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

Spartan Delta (TSE:SDE) had its price objective increased by stock analysts at Scotiabank from C$6.00 to C$7.50 in a research note issued on Thursday,BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 97.37% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets cut their target price on shares of Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. National Bankshares boosted 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. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Spartan Delta has an average rating of “Buy” and an average target price of C$5.83.

Spartan Delta Price Performance

Shares of SDE opened at C$3.80 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 30.43. The firm has a market cap of C$658.16 million, a price-to-earnings ratio of 4.58 and a beta of 1.49. Spartan Delta has a 52 week low of C$2.78 and a 52 week high of C$4.36. The stock has a 50 day moving average of C$3.54 and a 200-day moving average of C$3.69.

Spartan Delta (TSE:SDE) last released its earnings results on Tuesday, November 5th. The company reported C$0.02 earnings per share for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. The firm had revenue of C$60.55 million during the quarter. As a group, analysts forecast that Spartan Delta will post 0.305004 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.