Spartan Delta (TSE:SDE – Free Report) had its target price boosted by CIBC from C$3.75 to C$4.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.
A number of other research firms also recently commented on SDE. National Bankshares raised their price objective on Spartan Delta from C$4.50 to C$5.00 and gave the stock an outperform rating in a report on Friday. TD Securities cut their price objective on Spartan Delta from C$4.50 to C$4.25 and set a buy rating on the stock in a report on Tuesday, February 27th. Raymond James cut their price objective on Spartan Delta from C$6.50 to C$5.00 and set an outperform rating on the stock in a report on Friday, January 19th. Desjardins cut their price objective on Spartan Delta from C$4.75 to C$4.50 and set a buy rating on the stock in a report on Friday, March 22nd. Finally, ATB Capital cut their price objective on Spartan Delta from C$4.50 to C$4.25 and set a sector perform rating on the stock in a report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of C$6.29.
View Our Latest Stock Analysis on SDE
Spartan Delta Stock Performance
Spartan Delta (TSE:SDE – Get Free Report) last released its earnings results on Monday, February 26th. The company reported C$0.18 earnings per share for the quarter, topping the consensus estimate of C$0.12 by C$0.06. The firm had revenue of C$77.32 million for the quarter. Spartan Delta had a return on equity of 68.13% and a net margin of 111.86%. On average, research analysts predict that Spartan Delta will post 0.3506013 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.
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