Spartan Delta Corp. (TSE:SDE) Given Average Rating of “Buy” by Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have been given a consensus rating of “Buy” by the ten analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$5.56.

Several research analysts recently issued reports on the stock. National Bankshares increased their target price on shares of Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. BMO Capital Markets lowered their price objective on shares of Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. Finally, Cormark upgraded shares of Spartan Delta to a “strong-buy” rating in a report on Monday, September 23rd.

Spartan Delta Price Performance

Shares of TSE:SDE opened at C$4.04 on Monday. The firm has a 50 day moving average of C$3.40 and a 200-day moving average of C$3.70. The stock has a market capitalization of C$699.73 million, a PE ratio of 4.87 and a beta of 1.49. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 30.43. Spartan Delta has a 12 month low of C$2.78 and a 12 month high of C$4.36.

Spartan Delta (TSE:SDE) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.02 earnings per share (EPS) for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. The business had revenue of C$60.55 million during the quarter. On average, equities research analysts predict that Spartan Delta will post 0.305004 EPS for the current fiscal 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.