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

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

SDE has been the topic of a number of recent analyst reports. CIBC increased their price objective on shares of Spartan Delta from C$6.00 to C$7.00 in a research report on Monday, July 15th. Cormark upgraded Spartan Delta to a “strong-buy” rating in a report on Monday, September 23rd. Desjardins upgraded 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 report on Monday, August 12th. Finally, National Bankshares reduced their target price on Spartan Delta from C$6.00 to C$5.50 in a research note on Friday, September 27th.

Spartan Delta Stock Performance

TSE:SDE opened at C$3.65 on Wednesday. The firm has a market capitalization of C$632.18 million, a PE ratio of 4.35 and a beta of 1.49. The stock’s fifty day moving average is C$3.79 and its 200 day moving average is C$3.95. Spartan Delta has a fifty-two week low of C$2.63 and a fifty-two week high of C$4.52. The company has a debt-to-equity ratio of 30.43, a quick ratio of 0.66 and a current ratio of 0.93.

Spartan Delta (TSE:SDE) last announced its earnings results on Wednesday, August 7th. The company reported C$0.09 earnings per share for the quarter. The business had revenue of C$73.45 million for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. On average, sell-side analysts anticipate that Spartan Delta will post 0.305004 earnings per share for the current year.

Insider Transactions at Spartan Delta

In other news, Senior Officer Martin Malek acquired 12,000 shares of the firm’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, for a total transaction of C$45,600.00. In other Spartan Delta news, Senior Officer Martin Malek acquired 12,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of C$3.80 per share, with a total value of C$45,600.00. Also, Senior Officer Ojay Platt sold 16,333 shares of the business’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 transaction of C$65,332.00. Corporate insiders own 12.43% of the company’s stock.

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.