Spartan Delta Corp. (TSE:SDE) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have earned a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$5.83.

A number of equities research analysts have recently weighed in on SDE shares. National Bank Financial raised Spartan Delta to a “strong-buy” rating in a research note on Thursday, January 30th. National Bankshares raised their price target 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. BMO Capital Markets cut their price target on Spartan Delta from C$6.00 to C$5.00 in a research note on Friday, December 13th. Finally, Scotiabank raised their price target on Spartan Delta from C$6.00 to C$7.50 in a research note on Thursday, January 30th.

Spartan Delta Stock Up 2.7 %

Shares of Spartan Delta stock opened at C$3.86 on Friday. The stock has a 50-day moving average price of C$3.55 and a 200 day moving average price of C$3.68. The company has a market cap of C$668.55 million, a P/E ratio of 4.65 and a beta of 1.49. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 30.43. Spartan Delta has a 1 year low of C$2.78 and a 1 year high of C$4.36.

Spartan Delta (TSE:SDE) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.02 earnings per share (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%. As a group, analysts expect that Spartan Delta will post 0.305004 EPS for the current fiscal 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.