Spartan Delta Corp. (TSE:SDE - Get Free Report)'s share price was down 3.5% during trading on Monday . The company traded as low as C$3.79 and last traded at C$3.82. Approximately 357,672 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 493,206 shares. The stock had previously closed at C$3.96.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. 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. National Bankshares increased their price target on shares of 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. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$5.63.
Read Our Latest Analysis on Spartan Delta
Spartan Delta Price Performance
The firm's 50-day moving average is C$3.52 and its 200-day moving average is C$3.69. The company has a market capitalization of C$661.62 million, a P/E ratio of 4.60 and a beta of 1.49. The company has a debt-to-equity ratio of 30.43, a current ratio of 0.93 and a quick ratio of 0.66.
Spartan Delta (TSE:SDE - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business 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%. Analysts predict that Spartan Delta Corp. will post 0.305004 EPS for the current fiscal year.
About Spartan Delta
(
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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.
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