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

Spartan Delta Corp. (TSE:SDE) has been given a consensus recommendation of “Buy” by the nine research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$5.83.

SDE has been the topic of several recent research reports. Scotiabank raised their price objective on shares of Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday. BMO Capital Markets cut their price target on shares of Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. Finally, National Bankshares upped their price objective on shares of 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 Trading Up 1.8 %

Spartan Delta stock opened at C$3.90 on Friday. Spartan Delta has a 12 month low of C$2.78 and a 12 month high of C$4.36. 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 stock has a market cap of C$675.48 million, a P/E ratio of 4.70 and a beta of 1.49. The company’s fifty day simple moving average is C$3.54 and its 200-day simple moving average is C$3.69.

Spartan Delta (TSE:SDE) last issued its earnings results on Tuesday, November 5th. The company reported C$0.02 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 for the quarter. As a group, sell-side 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.