Spartan Delta Corp. (TSE:SDE) Given Average Recommendation of “Buy” by Brokerages

Spartan Delta Corp. (TSE:SDE) has received a consensus rating of “Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$5.61.

SDE has been the subject of a number of analyst reports. CIBC lifted their target price on shares of Spartan Delta from C$6.00 to C$7.00 in a report on Monday, July 15th. National Bankshares lowered their target price on shares of Spartan Delta from C$6.00 to C$5.50 in a report on Friday, September 27th. Cormark raised shares of Spartan Delta to a “strong-buy” rating in a report on Monday, September 23rd. Finally, Desjardins raised shares of Spartan Delta from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$4.75 to C$5.00 in a report on Monday, August 12th.

Insider Activity

In related news, Senior Officer Ojay Platt sold 16,333 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$4.00, for a total value of C$65,332.00. In related news, Senior Officer Ojay Platt sold 16,333 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$4.00, for a total value of C$65,332.00. Also, Senior Officer Martin Malek bought 12,000 shares of Spartan Delta stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average cost of C$3.80 per share, with a total value of C$45,600.00. 12.43% of the stock is owned by company insiders.

Spartan Delta Price Performance

SDE opened at C$3.42 on Wednesday. The company has a fifty day moving average price of C$3.82 and a two-hundred day moving average price of C$3.96. The company has a debt-to-equity ratio of 30.43, a quick ratio of 0.66 and a current ratio of 0.93. Spartan Delta has a 52 week low of C$2.63 and a 52 week high of C$4.52. The firm has a market capitalization of C$592.34 million, a PE ratio of 4.12 and a beta of 1.49.

Spartan Delta (TSE:SDE) last released its earnings results on Wednesday, August 7th. The company reported C$0.09 EPS for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. The firm had revenue of C$73.45 million during the quarter. As a group, 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.