Spartan Delta Corp. (TSE:SDE) Given Average Rating of “Moderate Buy” by Brokerages

Spartan Delta Corp. (TSE:SDE) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$13.52.

Several research firms recently weighed in on SDE. BMO Capital Markets raised their price objective on Spartan Delta from C$13.50 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. TD Securities increased their target price on Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Ventum Capital increased their target price on Spartan Delta from C$14.50 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Scotiabank increased their target price on Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, TD increased their target price on Spartan Delta from C$14.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th.

Spartan Delta Stock Performance

TSE:SDE opened at C$12.61 on Monday. The stock’s 50-day simple moving average is C$11.95 and its 200 day simple moving average is C$9.24. The firm has a market capitalization of C$2.56 billion, a PE ratio of 40.68 and a beta of 0.05. The company has a quick ratio of 0.66, a current ratio of 0.58 and a debt-to-equity ratio of 39.96. Spartan Delta has a twelve month low of C$2.65 and a twelve month high of C$14.00.

Spartan Delta (TSE:SDE) last released its quarterly earnings data on Tuesday, May 5th. The company reported C($0.07) earnings per share for the quarter. The business had revenue of C$136.90 million during the quarter. Spartan Delta had a net margin of 14.14% and a return on equity of 9.84%. On average, analysts anticipate that Spartan Delta will post 0.305004 EPS for the current fiscal year.

About Spartan Delta

Spartan is committed to creating value for its shareholders, focused on sustainability in both operations and financial performance. The Company’s culture is centered on generating Free Funds Flow through responsible oil and gas exploration and development. The Company has established a portfolio of high-quality production and development opportunities in the Deep Basin and the Duvernay. Spartan will continue to focus on the execution of the Company’s organic drilling program across its portfolio, delivering operational synergies in a respectful and responsible manner in relation to the environment and communities it operates in.