BMO Capital Markets Cuts Spartan Delta (TSE:SDE) Price Target to C$5.00

Spartan Delta (TSE:SDE) had its price objective lowered by BMO Capital Markets from C$6.00 to C$5.00 in a research report released on Friday morning,BayStreet.CA reports.

Other research analysts have also recently issued reports about the stock. National Bankshares decreased 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 Spartan Delta to a “strong-buy” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Spartan Delta has a consensus rating of “Buy” and an average target price of C$5.50.

Spartan Delta Stock Down 2.2 %

SDE opened at C$3.09 on Friday. Spartan Delta has a 12 month low of C$2.78 and a 12 month high of C$4.36. The stock’s 50 day moving average price is C$3.46 and its 200 day moving average price is C$3.79. The company has a debt-to-equity ratio of 30.43, a current ratio of 0.93 and a quick ratio of 0.66. The stock has a market cap of C$535.19 million, a P/E ratio of 3.72 and a beta of 1.49.

Spartan Delta (TSE:SDE) last issued its quarterly earnings results 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 firm had revenue of C$60.55 million during the quarter. As a group, research analysts predict that Spartan Delta will post 0.305004 earnings per share for the current 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.