Spartan Delta (TSE:SDE – Get Free Report) had its target price raised by National Bankshares from C$4.50 to C$5.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 21.65% from the stock’s previous close.
SDE has been the subject of a number of other research reports. ATB Capital dropped their target price on Spartan Delta from C$4.50 to C$4.25 and set a “sector perform” rating for the company in a report on Tuesday, February 27th. Desjardins dropped their price objective on shares of Spartan Delta from C$4.75 to C$4.50 and set a “buy” rating for the company in a research note on Friday, March 22nd. BMO Capital Markets set a C$5.50 target price on shares of Spartan Delta and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. TD Securities decreased their price target on Spartan Delta from C$4.50 to C$4.25 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. Finally, Raymond James cut their price objective on shares of Spartan Delta from C$6.50 to C$5.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.26.
View Our Latest Stock Analysis on Spartan Delta
Spartan Delta Stock Performance
Spartan Delta (TSE:SDE – Get Free Report) last released its quarterly earnings results on Monday, February 26th. The company reported C$0.18 earnings per share for the quarter, beating 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%. Analysts expect that Spartan Delta will post 0.3506013 EPS for the current year.
About Spartan Delta
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.
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