Spartan Delta (TSE:SDE) Reaches New 12-Month Low - Here's Why

Spartan Delta Corp. (TSE:SDE - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as C$2.72 and last traded at C$2.72, with a volume of 151024 shares. The stock had previously closed at C$2.99.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BMO Capital Markets decreased their price objective on Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. National Bankshares raised their target price on Spartan Delta from C$5.75 to C$6.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Desjardins raised Spartan Delta to a "moderate buy" rating in a research note on Thursday, January 30th. Scotiabank raised their target price on Spartan Delta from C$6.00 to C$7.50 in a research note on Thursday, January 30th. Finally, National Bank Financial raised Spartan Delta to a "strong-buy" rating in a research note on Thursday, January 30th. Three analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Strong Buy" and a consensus price target of C$6.29.

Spartan Delta Stock Performance

The company has a 50-day simple moving average of C$3.65 and a two-hundred day simple moving average of C$3.60. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. The firm has a market capitalization of C$604.83 million, a P/E ratio of 3.77 and a beta of 1.49.

Spartan Delta Company Profile

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. The company operates and focuses its activities on Peace River Arch and Central Alberta.