Desjardins upgraded shares of Spartan Delta (TSE:SDE - Free Report) to a moderate buy rating in a research note released on Thursday morning,Zacks.com reports.
Other equities research analysts also recently issued research reports about the company. BMO Capital Markets cut their price objective on Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. Scotiabank raised their price target on Spartan Delta from C$6.00 to C$7.50 in a report on Thursday, January 30th. Finally, National Bankshares raised 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. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$5.83.
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Spartan Delta Stock Up 1.9 %
TSE:SDE traded up C$0.07 during trading hours on Thursday, reaching C$3.83. 128,185 shares of the stock were exchanged, compared to its average volume of 451,948. Spartan Delta has a twelve month low of C$2.78 and a twelve month high of C$4.36. The company has a debt-to-equity ratio of 30.43, a current ratio of 0.93 and a quick ratio of 0.66. The firm has a 50 day moving average of C$3.55 and a 200 day moving average of C$3.68. The stock has a market cap of C$663.36 million, a PE ratio of 4.61 and a beta of 1.49.
Spartan Delta (TSE:SDE - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.02 earnings per share 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 expect that Spartan Delta will post 0.305004 earnings per share for the current year.
Spartan Delta Company Profile
(
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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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