Spartan Delta (TSE:SDE – Free Report) had its target price raised by Cormark from C$6.50 to C$7.50 in a report released on Wednesday morning, BayStreet.CA reports.
Several other brokerages have also issued reports on SDE. Desjardins lowered Spartan Delta from a buy rating to a hold rating and set a C$4.50 price objective for the company. in a research report on Tuesday, April 23rd. BMO Capital Markets set a C$5.50 price target on shares of Spartan Delta and gave the company an outperform rating in a report on Tuesday, April 9th. TD Securities dropped their price objective on shares of 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 reduced their target price on shares of Spartan Delta from C$6.50 to C$5.00 and set an outperform rating for the company in a research note on Friday, January 19th. Finally, National Bankshares lifted their price target on Spartan Delta from C$5.00 to C$5.50 in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of C$5.36.
Check Out Our Latest Stock Analysis on SDE
Spartan Delta Trading Up 2.1 %
Spartan Delta (TSE:SDE – Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.06 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.01). Spartan Delta had a return on equity of 68.13% and a net margin of 111.86%. The business had revenue of C$84.15 million for the quarter. Equities research analysts anticipate 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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