Spartan Delta Corp. (TSE:SDE) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Moderate Buy consensus: seven analysts cover Spartan Delta (6 buys, 1 hold) with an average 12‑month price target of C$11.09.
• Several brokers recently raised targets—Ventum to C$12.25, Roth Mkm to C$13.50, and Scotiabank, BMO and Desjardins to about C$11—reflecting bullish revisions to estimates.
• Shares opened at C$12.08 (near the 12‑month high of C$12.51) and sit above the 50‑day (C$9.88) and 200‑day (C$7.62) moving averages; market cap is C$2.42B with a P/E of 34.51.

Spartan Delta Corp. (TSE:SDE - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$11.09.

SDE has been the subject of several research reports. Ventum Financial increased their price objective on Spartan Delta from C$10.50 to C$12.25 and gave the company a "buy" rating in a report on Tuesday, February 24th. Scotiabank boosted their target price on Spartan Delta from C$8.00 to C$11.00 and gave the company an "outperform" rating in a research note on Wednesday, January 21st. Roth Mkm set a C$13.50 price target on Spartan Delta and gave the company a "buy" rating in a research report on Wednesday, March 4th. BMO Capital Markets increased their price target on Spartan Delta from C$9.00 to C$11.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 11th. Finally, Desjardins lifted their price objective on Spartan Delta from C$9.50 to C$11.00 and gave the stock a "hold" rating in a report on Tuesday, February 24th.

Spartan Delta Stock Down 1.1%

Spartan Delta stock opened at C$12.08 on Friday. Spartan Delta has a twelve month low of C$2.39 and a twelve month high of C$12.51. The firm has a 50 day moving average price of C$9.88 and a 200-day moving average price of C$7.62. The company has a market capitalization of C$2.42 billion, a P/E ratio of 34.51 and a beta of 0.31. The company has a quick ratio of 0.66, a current ratio of 0.87 and a debt-to-equity ratio of 29.03.

Spartan Delta Company Profile

Spartan is committed to creating value for its shareholders, focused on sustainability in both operations and financial performance. The Company's culture is centered on generating Free Funds Flow through responsible oil and gas exploration and development. The Company has established a portfolio of high-quality production and development opportunities in the Deep Basin and the Duvernay. Spartan will continue to focus on the execution of the Company's organic drilling program across its portfolio, delivering operational synergies in a respectful and responsible manner in relation to the environment and communities it operates in.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.