Spartan Delta Corp. (OTCMKTS:DALXF) Stock Now Rated “Buy” by Sell-Side Analysts

Shares of Spartan Delta Corp. (OTCMKTS:DALXF) have received an average recommendation of “Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation.

DALXF has been the subject of a number of research reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Spartan Delta in a research note on Friday, October 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Spartan Delta in a research report on Thursday. Scotiabank reiterated an “outperform” rating on shares of Spartan Delta in a report on Monday. Finally, Royal Bank Of Canada began coverage on Spartan Delta in a report on Wednesday, September 23rd. They set an “outperform” rating for the company.

Spartan Delta Trading Up 2.4%

OTCMKTS DALXF opened at $10.38 on Friday. The firm has a 50 day moving average of $9.49 and a two-hundred day moving average of $8.96. Spartan Delta has a 52 week low of $4.11 and a 52 week high of $11.52.

Spartan Delta Company Profile

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.