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

Spartan Delta Corp. (TSE:SDE) has received a consensus rating of “Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$5.61.

A number of analysts recently weighed in on the stock. National Bankshares cut their target price on shares of Spartan Delta from C$6.00 to C$5.50 in a research note on Friday, September 27th. Cormark upgraded shares of Spartan Delta to a “strong-buy” rating in a report on Monday, September 23rd. Finally, Desjardins upgraded shares of Spartan Delta from a “hold” rating to a “buy” rating and raised their price objective for the company from C$4.75 to C$5.00 in a report on Monday, August 12th.

Insider Buying and Selling

In other news, Senior Officer Martin Malek acquired 12,000 shares of Spartan Delta stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of C$3.80 per share, with a total value of C$45,600.00. 12.43% of the stock is currently owned by insiders.

Spartan Delta Stock Performance

TSE:SDE opened at C$3.32 on Friday. Spartan Delta has a 52 week low of C$2.63 and a 52 week high of C$4.36. The company has a fifty day simple moving average of C$3.62 and a two-hundred day simple moving average of C$3.89. 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 company has a market cap of C$575.02 million, a price-to-earnings ratio of 4.00 and a beta of 1.49.

Spartan Delta (TSE:SDE) last released its earnings results on Tuesday, November 5th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$60.55 million during the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. As a group, equities analysts anticipate 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.