BMO Capital Markets Lowers Spartan Delta (TSE:SDE) Price Target to C$5.00

Spartan Delta (TSE:SDE) had its price target cut by BMO Capital Markets from C$6.00 to C$5.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

A number of other equities research analysts have also commented on SDE. Cormark raised Spartan Delta to a “strong-buy” rating in a research report on Monday, September 23rd. National Bankshares cut their price target on shares of Spartan Delta from C$6.00 to C$5.50 in a research report on Friday, September 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$5.50.

Spartan Delta Trading Down 2.2 %

SDE stock opened at C$3.09 on Friday. The company has a market cap of C$535.19 million, a P/E ratio of 3.72 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 twelve month low of C$2.78 and a twelve month high of C$4.36. The business has a fifty day moving average of C$3.46 and a 200-day moving average of C$3.79.

Spartan Delta (TSE:SDE) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$60.55 million for the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. As a group, equities research analysts expect 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.