Spartan Delta Corp. (TSE:SDE - Get Free Report) has been assigned a consensus rating of "Buy" from the ten analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$5.61.
A number of analysts have recently weighed in on the stock. National Bankshares lowered their price target on shares of Spartan Delta from C$6.00 to C$5.50 in a report on Friday, September 27th. Desjardins raised shares of Spartan Delta from a "hold" rating to a "buy" rating and lifted their price target for the stock from C$4.75 to C$5.00 in a report on Monday, August 12th. Finally, Cormark raised Spartan Delta to a "strong-buy" rating in a research report on Monday, September 23rd.
Check Out Our Latest Research Report on Spartan Delta
Spartan Delta Stock Down 1.8 %
Shares of SDE stock traded down C$0.06 on Friday, hitting C$3.32. The stock had a trading volume of 203,000 shares, compared to its average volume of 275,754. Spartan Delta has a one year low of C$2.63 and a one year 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 company has a market cap of C$575.02 million, a PE ratio of 4.00 and a beta of 1.49. The business has a 50 day moving average price of C$3.62 and a 200 day moving average price of C$3.89.
Spartan Delta (TSE:SDE - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported C$0.02 earnings per share 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 during the quarter. Research analysts anticipate that Spartan Delta will post 0.305004 earnings per share for the current fiscal year.
Insider Buying and Selling at Spartan Delta
In other Spartan Delta news, Senior Officer Martin Malek purchased 12,000 shares of Spartan Delta stock in a transaction on Friday, September 13th. The stock was 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 Company Profile
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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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