Analysts Set Spartan Delta Corp. (TSE:SDE) Price Target at C$6.29

Shares of Spartan Delta Corp. (TSE:SDE) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$6.29.

SDE has been the topic of a number of analyst reports. ATB Capital dropped their price objective on shares of 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. Stifel Nicolaus upped their price objective on shares of Spartan Delta from C$4.25 to C$4.50 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Raymond James lowered their target price on shares of Spartan Delta from C$6.50 to C$5.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. National Bankshares upped their price target on shares of Spartan Delta from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Finally, BMO Capital Markets set a C$5.50 price objective on shares of Spartan Delta and gave the company an “outperform” rating in a report on Tuesday, April 9th.

Spartan Delta Stock Performance

TSE:SDE opened at C$3.95 on Wednesday. The company has a debt-to-equity ratio of 18.55, a current ratio of 0.89 and a quick ratio of 0.66. Spartan Delta has a 1-year low of C$2.63 and a 1-year high of C$16.66. The firm has a 50-day moving average of C$3.67 and a two-hundred day moving average of C$3.45. The stock has a market cap of C$684.14 million, a P/E ratio of 1.03 and a beta of 1.75.

Spartan Delta (TSE:SDE) last posted its quarterly earnings results on Monday, February 26th. The company reported C$0.18 EPS for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.06. Spartan Delta had a return on equity of 68.13% and a net margin of 111.86%. The business had revenue of C$77.32 million during the quarter. On average, research analysts expect that Spartan Delta will post 0.3284434 earnings per share for the current fiscal 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.