Spartan Delta Corp. (TSE:SDE) Receives C$5.83 Consensus Price Target from Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have been assigned a consensus rating of “Strong Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$6.29.

Several equities research analysts recently weighed in on SDE shares. Scotiabank boosted their target price on Spartan Delta from C$6.00 to C$7.50 in a research note on Thursday, January 30th. Desjardins raised shares of Spartan Delta to a “moderate buy” rating in a report on Thursday, January 30th. 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 report on Thursday, December 19th. BMO Capital Markets cut their price target on shares of Spartan Delta from C$6.00 to C$5.00 in a research note on Friday, December 13th. Finally, National Bank Financial raised shares of Spartan Delta to a “strong-buy” rating in a research report on Thursday, January 30th.

Spartan Delta Stock Down 1.5 %

Spartan Delta stock opened at C$3.23 on Tuesday. The stock has a market cap of C$646.89 million, a PE ratio of 4.03 and a beta of 1.49. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66. The stock’s fifty day moving average is C$3.68 and its two-hundred day moving average is C$3.64. Spartan Delta has a 1-year low of C$2.90 and a 1-year high of C$4.36.

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.