Spartan Delta Corp. (TSE:SDE) Receives C$5.75 Average Target Price from Brokerages

Key Points

• Spartan Delta Corp. has received a consensus recommendation of "Buy" from six brokerages, with varying ratings from hold to strong buy.
• The average twelve-month price target for Spartan Delta stock is C$5.75, reflecting a significant interest from analysts.
• As of recent data, Spartan Delta's shares opened at C$5.12, with a 52-week range between C$2.39 and C$5.31.

Shares of Spartan Delta Corp. (TSE:SDE - Get Free Report) have been assigned an average recommendation of "Buy" from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$5.75.

Separately, Desjardins cut Spartan Delta from a "buy" rating to a "hold" rating and set a C$5.75 price target for the company. in a research note on Tuesday, August 26th.

Spartan Delta Stock Performance

Shares of TSE SDE traded up C$0.13 during trading on Friday, reaching C$5.40. The stock had a trading volume of 187,266 shares, compared to its average volume of 369,292. The stock has a market cap of C$1.08 billion, a PE ratio of 28.42 and a beta of 0.68. The firm's 50 day moving average price is C$4.86 and its two-hundred day moving average price is C$3.80. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. Spartan Delta has a one year low of C$2.39 and a one year high of C$5.47.

About Spartan Delta

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.