Spartan Delta Corp. (TSE:SDE) Receives C$5.83 Average PT from Analysts

Spartan Delta Corp. (TSE:SDE) has received a consensus recommendation of “Buy” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$5.83.

Several analysts have recently weighed in on SDE shares. National Bankshares lifted 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. BMO Capital Markets decreased their price objective on Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. Desjardins raised Spartan Delta to a “moderate buy” rating in a report on Thursday, January 30th. Scotiabank lifted their price objective on Spartan Delta from C$6.00 to C$7.50 in a report on Thursday, January 30th. Finally, National Bank Financial raised Spartan Delta to a “strong-buy” rating in a report on Thursday, January 30th.

Spartan Delta Stock Performance

SDE opened at C$3.86 on Friday. The firm has a market capitalization of C$668.55 million, a P/E ratio of 4.65 and a beta of 1.49. The stock’s 50 day moving average price is C$3.55 and its two-hundred day moving average price is C$3.68. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 30.43. Spartan Delta has a 12-month low of C$2.78 and a 12-month high of C$4.36.

Spartan Delta (TSE:SDE) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.02 earnings per share for the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. The company had revenue of C$60.55 million for the quarter. On average, equities analysts forecast 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.