Spartan Delta Corp. (TSE:SDE) Receives C$5.61 Average PT from Brokerages

Shares of Spartan Delta Corp. (TSE:SDE) have been given a consensus recommendation of “Buy” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$5.50.

A number of equities research analysts have recently weighed in on SDE shares. 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. Cormark upgraded shares of Spartan Delta to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, National Bankshares cut their price target on shares of Spartan Delta from C$6.00 to C$5.50 in a research report on Friday, September 27th.

Spartan Delta Stock Down 2.6 %

SDE opened at C$2.95 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 30.43. The business’s fifty day simple moving average is C$3.42 and its 200 day simple moving average is C$3.78. Spartan Delta has a 52 week low of C$2.78 and a 52 week high of C$4.36. The stock has a market cap of C$510.94 million, a PE ratio of 3.55 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. The company had revenue of C$60.55 million for the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. As a group, research analysts expect that Spartan Delta will post 0.305004 earnings per share 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.