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

Key Points

• "Moderate Buy" consensus from seven brokerages (six buy, one hold) with an average 1-year target price of C$11.09.
• Several analysts recently raised price targets—notably TD Securities to C$12.00 and Roth MKM to C$13.50—reflecting upward revisions in analyst sentiment.
• Shares opened at C$11.27, trading near the analyst consensus and above the 200-day moving average (C$8.50); the company has a market cap of C$2.28B and a P/E of 32.20, but carries low current/quick ratios and a high reported debt-to-equity figure.

Spartan Delta Corp. (TSE:SDE - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$11.09.

Several analysts have commented on SDE shares. National Bank Financial raised their price objective on shares of Spartan Delta from C$7.50 to C$9.00 and gave the stock an "outperform" rating in a report on Tuesday, January 6th. Roth Mkm set a C$13.50 price objective on shares of Spartan Delta and gave the stock a "buy" rating in a report on Wednesday, March 4th. TD Securities raised their price objective on shares of Spartan Delta from C$9.50 to C$12.00 and gave the stock a "buy" rating in a report on Tuesday, February 24th. Desjardins raised their price objective on shares of Spartan Delta from C$9.50 to C$11.00 and gave the stock a "hold" rating in a report on Tuesday, February 24th. Finally, Scotiabank raised their price objective on shares of Spartan Delta from C$8.00 to C$11.00 and gave the stock an "outperform" rating in a report on Wednesday, January 21st.

Spartan Delta Stock Performance

Spartan Delta stock opened at C$11.27 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.66 and a debt-to-equity ratio of 29.03. The firm has a 50-day moving average of C$11.15 and a 200-day moving average of C$8.50. The firm has a market cap of C$2.28 billion, a P/E ratio of 32.20 and a beta of -0.03. Spartan Delta has a 1-year low of C$2.60 and a 1-year high of C$13.55.

About Spartan Delta

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.

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