Spartan Delta Corp. (TSE:SDE) Receives C$6.29 Average Target Price from Analysts

Spartan Delta Corp. (TSE:SDE) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$6.29.

SDE has been the subject of a number of recent research reports. Desjardins downgraded Spartan Delta from a “buy” rating to a “hold” rating and set a C$4.50 price objective for the company. in a research report on Tuesday, April 23rd. Stifel Nicolaus upped their price objective on shares of Spartan Delta from C$4.25 to C$4.50 and gave the company a “buy” rating in a research note on Tuesday, February 27th. ATB Capital decreased their price objective on shares of Spartan Delta from C$4.50 to C$4.25 and set a “sector perform” rating for the company in a research note on Tuesday, February 27th. Raymond James lowered their target price on Spartan Delta from C$6.50 to C$5.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Finally, CIBC upped their price target on shares of Spartan Delta from C$3.75 to C$4.00 and gave the company a “neutral” rating in a report on Monday, April 22nd.

Spartan Delta Stock Down 0.3 %

Shares of SDE stock opened at C$3.95 on Wednesday. Spartan Delta has a 1 year low of C$2.63 and a 1 year high of C$16.66. The company has a debt-to-equity ratio of 18.55, a quick ratio of 0.66 and a current ratio of 0.89. The business’s fifty day moving average is C$3.69 and its 200-day moving average is C$3.44. The stock has a market cap of C$684.14 million, a PE ratio of 1.03 and a beta of 1.75.

Spartan Delta (TSE:SDE) last issued its quarterly earnings results on Monday, February 26th. The company reported C$0.18 EPS for the quarter, topping the consensus estimate of C$0.12 by C$0.06. The firm had revenue of C$77.32 million for the quarter. Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. Equities analysts expect that Spartan Delta will post 0.3284434 earnings per share for the current fiscal year.

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.