Brokerages Set Spartan Delta Corp. (TSE:SDE) Target Price at C$5.56

Spartan Delta Corp. (TSE:SDE) has received an average recommendation of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$5.56.

A number of analysts have weighed in on SDE shares. BMO Capital Markets cut their price objective on shares of Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. Cormark raised shares of Spartan Delta to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, National Bankshares raised their price objective on Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th.

Spartan Delta Price Performance

Shares of SDE opened at C$4.00 on Monday. The firm has a market capitalization of C$692.80 million, a price-to-earnings ratio of 4.82 and a beta of 1.49. The firm’s fifty day simple moving average is C$3.38 and its 200-day simple moving average is C$3.70. Spartan Delta has a twelve month low of C$2.78 and a twelve month high of C$4.36. 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 (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 return on equity of 37.82% and a net margin of 50.10%. The business had revenue of C$60.55 million during the quarter. Equities analysts forecast that Spartan Delta will post 0.305004 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.