Spartan Delta (TSE:SDE) Given New C$7.50 Price Target at Scotiabank

Spartan Delta (TSE:SDE - Get Free Report) had its target price boosted by equities research analysts at Scotiabank from C$6.00 to C$7.50 in a research note issued on Thursday,BayStreet.CA reports. Scotiabank's price objective would suggest a potential upside of 99.47% from the company's current price.

A number of other analysts have also recently weighed in on the company. BMO Capital Markets dropped their price target on Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. National Bankshares increased their price target on Spartan Delta from C$5.75 to C$6.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$5.83.

Spartan Delta Stock Down 1.1 %

SDE traded down C$0.04 on Thursday, reaching C$3.76. The company's stock had a trading volume of 252,855 shares, compared to its average volume of 465,707. The stock has a market cap of C$651.23 million, a price-to-earnings ratio of 4.53 and a beta of 1.49. Spartan Delta has a 1 year low of C$2.78 and a 1 year high of C$4.36. The company has a debt-to-equity ratio of 30.43, a current ratio of 0.93 and a quick ratio of 0.66. The business's 50 day moving average is C$3.55 and its 200 day moving average is C$3.68.

Spartan Delta (TSE:SDE - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported C$0.02 EPS for the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. The company had revenue of C$60.55 million for the quarter. As a group, research analysts forecast that Spartan Delta will post 0.305004 EPS 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.