Spartan Delta (TSE:SDE – Free Report) had its target price increased by National Bankshares from C$5.00 to C$5.50 in a research report report published on Wednesday morning, BayStreet.CA reports.
A number of other research analysts also recently weighed in on SDE. 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 research report on Tuesday, February 27th. ATB Capital reduced their price target on Spartan Delta from C$4.50 to C$4.25 and set a sector perform rating for the company in a report on Tuesday, February 27th. TD Securities dropped 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. BMO Capital Markets set a C$5.50 target price on Spartan Delta and gave the stock an outperform rating in a research note on Tuesday, April 9th. Finally, Desjardins cut shares of Spartan Delta from a buy rating to a hold rating and set a C$4.50 price target on the stock. in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Spartan Delta presently has an average rating of Moderate Buy and an average target price of C$5.36.
Get Our Latest Stock Analysis on Spartan Delta
Spartan Delta Stock Up 2.1 %
Spartan Delta (TSE:SDE – Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.01). Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. The firm had revenue of C$84.15 million for the quarter. As a group, sell-side analysts expect that Spartan Delta will post 0.3284434 EPS 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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