Spartan Delta Corp. (TSE:SDE) Receives C$5.56 Average Price Target from Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have earned an average rating of “Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$5.56.

A number of equities analysts have weighed in on the company. Cormark raised Spartan Delta to a “strong-buy” rating in a research note on Monday, September 23rd. BMO Capital Markets reduced their target price on Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. Finally, National Bankshares increased their price target on Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th.

Spartan Delta Trading Up 0.5 %

Shares of TSE:SDE opened at C$4.00 on Monday. The firm has a market capitalization of C$692.80 million, a price-to-earnings ratio of 4.82 and a beta of 1.49. The business’s 50 day moving average price is C$3.38 and its 200-day moving average price is C$3.70. The company has a debt-to-equity ratio of 30.43, a current ratio of 0.93 and a quick ratio of 0.66. Spartan Delta has a 1 year low of C$2.78 and a 1 year high of C$4.36.

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