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

Spartan Delta Corp. (TSE:SDE - Get Free Report) has been assigned an average recommendation of "Buy" from the ten research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$5.61.

Several analysts recently issued reports on the stock. Desjardins raised shares of Spartan Delta from a "hold" rating to a "buy" rating and lifted their price target for the company from C$4.75 to C$5.00 in a research report on Monday, August 12th. National Bankshares reduced their price objective on shares of Spartan Delta from C$6.00 to C$5.50 in a report on Friday, September 27th. CIBC boosted their target price on shares of Spartan Delta from C$6.00 to C$7.00 in a research report on Monday, July 15th. Finally, Cormark raised shares of Spartan Delta to a "strong-buy" rating in a research report on Monday, September 23rd.

Spartan Delta Stock Down 0.6 %

Shares of TSE SDE traded down C$0.02 during trading on Wednesday, hitting C$3.40. 150,171 shares of the company traded hands, compared to its average volume of 272,503. The firm has a market capitalization of C$588.88 million, a price-to-earnings ratio of 4.10 and a beta of 1.49. The business's fifty day moving average is C$3.82 and its 200 day moving average is C$3.96. 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 has a fifty-two week low of C$2.63 and a fifty-two week high of C$4.52.

Spartan Delta (TSE:SDE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.09 earnings per share for the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. The business had revenue of C$73.45 million for the quarter. Equities research analysts predict that Spartan Delta will post 0.305004 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Ojay Platt sold 16,333 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$4.00, for a total value of C$65,332.00. In related news, Senior Officer Ojay Platt sold 16,333 shares of the business's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$4.00, for a total value of C$65,332.00. Also, Senior Officer Martin Malek purchased 12,000 shares of Spartan Delta stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of C$3.80 per share, with a total value of C$45,600.00. Insiders own 12.43% of the company's stock.

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.