Brokerages Set Spartan Delta Corp. (TSE:SDE) PT at C$5.61

Shares of Spartan Delta Corp. (TSE:SDE) have earned an average recommendation of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$5.61.

Several equities analysts recently issued reports on SDE shares. National Bankshares dropped their price target on Spartan Delta from C$6.00 to C$5.50 in a research report on Friday, September 27th. Cormark raised Spartan Delta to a “strong-buy” rating in a report on Monday, September 23rd. CIBC increased their price target on Spartan Delta from C$6.00 to C$7.00 in a report on Monday, July 15th. Finally, Desjardins raised shares of Spartan Delta from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$4.75 to C$5.00 in a research note on Monday, August 12th.

Spartan Delta Stock Performance

Shares of SDE opened at C$3.65 on Wednesday. The company’s 50 day simple moving average is C$3.78 and its 200-day simple moving average is C$3.95. The firm has a market cap of C$632.18 million, a PE ratio of 4.40 and a beta of 1.49. Spartan Delta has a 12-month low of C$2.63 and a 12-month high of C$4.52. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 30.43.

Spartan Delta (TSE:SDE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.09 EPS for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. The company had revenue of C$73.45 million for the quarter. As a group, equities analysts predict that Spartan Delta will post 0.305004 EPS for the current year.

Insider Activity

In related news, Senior Officer Ojay Platt sold 16,333 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$4.00, for a total value of C$65,332.00. In related news, Senior Officer Ojay Platt sold 16,333 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$4.00, for a total value of C$65,332.00. Also, Senior Officer Martin Malek acquired 12,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of C$3.80 per share, with a total value of C$45,600.00. Insiders own 12.43% of the company’s stock.

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.