Spartan Delta (TSE:SDE) Price Target Raised to C$6.00

Spartan Delta (TSE:SDE) had its price objective hoisted by National Bankshares from C$5.75 to C$6.00 in a research report sent to investors on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also recently commented on the company. Cormark upgraded Spartan Delta to a “strong-buy” rating in a report on Monday, September 23rd. BMO Capital Markets decreased their price objective on shares of Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$5.56.

Spartan Delta Price Performance

TSE:SDE opened at C$3.13 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 30.43. The firm has a market cap of C$542.12 million, a PE ratio of 3.77 and a beta of 1.49. Spartan Delta has a 12 month low of C$2.78 and a 12 month high of C$4.36. The company’s 50-day moving average price is C$3.39 and its two-hundred day moving average price is C$3.76.

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