Shares of Spartan Delta Corp. (TSE:SDE - Get Free Report) have received a consensus recommendation of "Buy" from the ten ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$5.61.
Several research firms recently issued reports on SDE. National Bankshares reduced their price objective on shares of Spartan Delta from C$6.00 to C$5.50 in a research note on Friday, September 27th. Cormark upgraded shares of Spartan Delta to a "strong-buy" rating in a research note on Monday, September 23rd.
Read Our Latest Stock Analysis on Spartan Delta
Insiders Place Their Bets
In related news, Senior Officer Martin Malek acquired 12,000 shares of the firm's stock in a transaction on Friday, September 13th. The shares were bought at an average cost of C$3.80 per share, with a total value of C$45,600.00. Company insiders own 12.43% of the company's stock.
Spartan Delta Trading Up 3.9 %
Spartan Delta stock opened at C$3.23 on Thursday. Spartan Delta has a 12 month low of C$2.63 and a 12 month high of C$4.36. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 30.43. The stock has a market cap of C$559.44 million, a P/E ratio of 3.89 and a beta of 1.49. The company's fifty day simple moving average is C$3.49 and its 200-day simple moving average is C$3.81.
Spartan Delta (TSE:SDE - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$60.55 million during the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. As a group, sell-side analysts forecast that Spartan Delta will post 0.305004 EPS for the current fiscal year.
About Spartan Delta
(
Get Free ReportSpartan 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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