Spartan Delta Corp. (OTCMKTS:DALXF) Stock Now Rated “Buy” by Wall Street Analysts

Spartan Delta Corp. (OTCMKTS:DALXF) has been assigned a consensus recommendation of “Buy” from the six research firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation.

A number of equities research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Spartan Delta in a research report on Friday, July 31st. Royal Bank Of Canada started coverage on Spartan Delta in a report on Wednesday, September 23rd. They issued an “outperform” rating on the stock.

Spartan Delta Stock Down 0.8%

OTCMKTS:DALXF opened at $9.02 on Wednesday. The stock’s fifty day moving average price is $9.06 and its two-hundred day moving average price is $8.88. Spartan Delta has a 52-week low of $3.62 and a 52-week high of $11.52.

About Spartan Delta

Spartan Delta Corp. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, developing and operating energy assets in the Western Canadian Sedimentary Basin, with an emphasis on natural gas, natural gas liquids and crude oil production.

Spartan Delta’s operations have historically been concentrated in Alberta, including the Deep Basin and other liquids-rich areas. Its activities include drilling and completing wells, operating production infrastructure, and marketing the hydrocarbons produced from its properties.