Spartan Delta Corp. (TSE:SDE) Receives Consensus Rating of "Buy" from Analysts

Shares of Spartan Delta Corp. (TSE:SDE - Get Free Report) have earned an average recommendation of "Buy" from the ten brokerages that are presently covering the firm, Marketbeat.com reports. One equities 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 1 year target price among brokers that have issued a report on the stock in the last year is C$5.56.

Several brokerages have recently issued reports on SDE. Cormark upgraded shares of Spartan Delta to a "strong-buy" rating in a report on Monday, September 23rd. BMO Capital Markets lowered their target price on Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. Finally, National Bankshares boosted their price target on Spartan Delta from C$5.75 to C$6.00 and gave the company an "outperform" rating in a report on Thursday, December 19th.

Spartan Delta Trading Up 6.4 %

Shares of SDE stock traded up C$0.23 on Monday, hitting C$3.81. The stock had a trading volume of 722,045 shares, compared to its average volume of 349,812. 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 twelve month low of C$2.78 and a twelve month high of C$4.36. The company has a fifty day moving average price of C$3.36 and a two-hundred day moving average price of C$3.70. The firm has a market cap of C$659.89 million, a P/E ratio of 4.59 and a beta of 1.49.

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 (EPS) for the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. The firm had revenue of C$60.55 million during the quarter. As a group, analysts forecast that Spartan Delta will post 0.305004 earnings per share 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.