National Bank Financial Upgrades Spartan Delta (TSE:SDE) to Strong-Buy

Spartan Delta (TSE:SDE - Get Free Report) was upgraded by analysts at National Bank Financial to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.

SDE has been the subject of several other research reports. National Bankshares boosted their price objective 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. BMO Capital Markets cut their price objective on Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. Scotiabank boosted their price objective on Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. Finally, Desjardins raised Spartan Delta to a "moderate buy" rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$5.83.

Spartan Delta Stock Up 1.9 %

Shares of TSE SDE traded up C$0.07 during midday trading on Thursday, hitting C$3.83. 128,185 shares of the stock traded hands, compared to its average volume of 451,948. The company has a market cap of C$663.36 million, a PE ratio of 4.61 and a beta of 1.49. Spartan Delta has a one year low of C$2.78 and a one year high of C$4.36. The business has a 50 day moving average price of C$3.55 and a two-hundred day moving average price of C$3.68. The company has a debt-to-equity ratio of 30.43, a quick ratio of 0.66 and a current ratio of 0.93.

Spartan Delta (TSE:SDE - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.02 EPS for the quarter. The firm 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%. On average, equities analysts predict that Spartan Delta will post 0.305004 EPS for the current 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.