Spartan Delta (TSE:SDE) Downgraded by Desjardins

Desjardins cut shares of Spartan Delta (TSE:SDE) from a buy rating to a hold rating in a research note released on Tuesday, BayStreet.CA reports. They currently have C$4.50 price target on the stock.

Several other analysts also recently weighed in on SDE. CIBC boosted their price objective on shares of Spartan Delta from C$3.75 to C$4.00 and gave the stock a neutral rating in a research report on Monday, April 22nd. TD Securities reduced their price target on shares of Spartan Delta from C$4.50 to C$4.25 and set a buy rating for the company in a research report on Tuesday, February 27th. Stifel Nicolaus upped their price target on shares of Spartan Delta from C$4.25 to C$4.50 and gave the company a buy rating in a research report on Tuesday, February 27th. ATB Capital reduced their price target 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 report on Tuesday, February 27th. Finally, Raymond James reduced their price target 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of C$6.29.

Spartan Delta Stock Up 0.5 %

Shares of Spartan Delta stock opened at C$4.16 on Tuesday. Spartan Delta has a 52-week low of C$2.63 and a 52-week high of C$16.66. The company has a 50 day moving average of C$3.60 and a 200 day moving average of C$3.45. The company has a quick ratio of 0.66, a current ratio of 0.89 and a debt-to-equity ratio of 18.55. The company has a market capitalization of C$720.51 million, a P/E ratio of 1.09 and a beta of 1.75.

Spartan Delta (TSE:SDE) last issued its quarterly earnings data on Monday, February 26th. The company reported C$0.18 earnings per share for the quarter, topping the consensus estimate of C$0.12 by C$0.06. The business had revenue of C$77.32 million during the quarter. Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. As a group, research analysts forecast that Spartan Delta will post 0.3506013 EPS 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.