Spartan Delta Corp. (TSE:SDE) Receives C$5.83 Consensus Target Price from Analysts

Spartan Delta Corp. (TSE:SDE) has been assigned an average recommendation of “Buy” from the nine analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$5.83.

Several research analysts have recently issued reports on SDE shares. BMO Capital Markets reduced their price target on Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. National Bank Financial raised Spartan Delta to a “strong-buy” rating in a research note on Thursday, January 30th. Scotiabank boosted their target price on Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. National Bankshares increased their price target on shares of Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Desjardins upgraded shares of Spartan Delta to a “moderate buy” rating in a report on Thursday, January 30th.

Spartan Delta Stock Performance

Spartan Delta stock opened at C$3.69 on Friday. Spartan Delta has a 1 year low of C$2.90 and a 1 year high of C$4.36. The company’s 50-day moving average is C$3.56 and its two-hundred day moving average is C$3.68. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 30.43. The company has a market cap of C$639.11 million, a PE ratio of 4.45 and a beta of 1.49.

Spartan Delta (TSE:SDE) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.02 earnings per share 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 for the quarter. Equities analysts anticipate that Spartan Delta will post 0.305004 earnings per share 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.