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

Shares of Spartan Delta Corp. (TSE:SDE) have been given an average recommendation of “Buy” by the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$5.83.

A number of analysts have recently issued reports on the stock. BMO Capital Markets cut their price target on shares of Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. Scotiabank raised their target price on Spartan Delta from C$6.00 to C$7.50 in a research note on Thursday, January 30th. National Bank Financial raised Spartan Delta to a “strong-buy” rating in a research note on Thursday, January 30th. Desjardins raised Spartan Delta to a “moderate buy” rating in a research report on Thursday, January 30th. Finally, 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.

Spartan Delta Trading Down 3.5 %

Shares of SDE opened at C$3.34 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. The firm has a 50-day moving average price of C$3.66 and a 200 day moving average price of C$3.65. Spartan Delta has a 12-month low of C$2.90 and a 12-month high of C$4.36. The firm has a market capitalization of C$668.92 million, a P/E ratio of 4.17 and a beta of 1.49.

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.