Spartan Delta (TSE:SDE - Get Free Report) had its target price boosted by National Bankshares from C$5.75 to C$6.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price objective points to a potential upside of 99.34% from the stock's current price.
A number of other brokerages have also recently commented on SDE. Cormark raised Spartan Delta to a "strong-buy" rating in a research report on Monday, September 23rd. BMO Capital Markets decreased their target price on Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Spartan Delta has an average rating of "Buy" and a consensus target price of C$5.56.
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Spartan Delta Stock Up 2.0 %
Shares of SDE traded up C$0.06 during mid-day trading on Thursday, hitting C$3.01. The company's stock had a trading volume of 376,524 shares, compared to its average volume of 289,459. The firm has a market capitalization of C$521.33 million, a price-to-earnings ratio of 3.63 and a beta of 1.49. The company's 50-day moving average is C$3.40 and its 200-day moving average is C$3.77. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 30.43. Spartan Delta has a 52-week low of C$2.78 and a 52-week high of C$4.36.
Spartan Delta (TSE:SDE - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$60.55 million for the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. On average, equities research analysts forecast that Spartan Delta will post 0.305004 EPS for the current fiscal year.
Spartan Delta Company Profile
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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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