Spartan Delta Corp. (TSE:SDE) Receives C$5.61 Consensus Target Price from Brokerages

Spartan Delta Corp. (TSE:SDE) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$5.50.

Several brokerages have recently weighed in on SDE. Cormark upgraded Spartan Delta to a “strong-buy” rating in a report on Monday, September 23rd. National Bankshares reduced their target price on Spartan Delta from C$6.00 to C$5.50 in a research note on Friday, September 27th. Finally, BMO Capital Markets lowered their target price on shares of Spartan Delta from C$6.00 to C$5.00 in a research note on Friday.

Spartan Delta Trading Down 2.2 %

Shares of SDE opened at C$3.09 on Thursday. The company’s fifty day simple moving average is C$3.46 and its 200-day simple moving average is C$3.79. The company has a market cap of C$535.19 million, a P/E ratio of 3.72 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 twelve month low of C$2.78 and a twelve month high of C$4.36.

Spartan Delta (TSE:SDE) last posted 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 net margin of 50.10% and a return on equity of 37.82%. As a group, analysts expect that Spartan Delta will post 0.305004 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.