Spartan Delta (TSE:SDE – Free Report) had its target price boosted by CIBC from C$3.75 to C$4.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.
Several other research analysts have also recently commented on the stock. Stifel Nicolaus upped their target price on shares of Spartan Delta from C$4.25 to C$4.50 and gave the stock a buy rating in a research report on Tuesday, February 27th. BMO Capital Markets set a C$5.50 price objective on shares of Spartan Delta and gave the company an outperform rating in a report on Tuesday, April 9th. Desjardins decreased 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 report on Friday, March 22nd. National Bankshares increased their price objective on shares of Spartan Delta from C$4.50 to C$5.00 and gave the company an outperform rating in a report on Friday, April 19th. Finally, 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 report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of C$6.29.
Read Our Latest Analysis on Spartan Delta
Spartan Delta Price Performance
Spartan Delta (TSE:SDE – Get Free Report) last posted its 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. Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. The firm had revenue of C$77.32 million during the quarter. Analysts forecast 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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