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

Key Points

• Analysts are bullish on Spartan Delta Corp. The stock has a consensus recommendation of “Moderate Buy” from 10 covering firms, with nine buy ratings and one hold rating. The average 1-year price target is C$13.52.
• Several brokerages recently raised their outlooks and targets, including TD, Ventum Financial, TD Securities, ATB Cormark, and National Bank Financial. Some target prices now range as high as C$17.00.
• Spartan Delta reported its latest quarterly results with EPS of C($0.07) on C$136.90 million in revenue. The stock opened at C$12.61 and has traded between C$2.65 and C$14.00 over the past 52 weeks.

Shares of Spartan Delta Corp. (TSE:SDE - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$13.52.

SDE has been the topic of several analyst reports. TD increased their target price on Spartan Delta from C$14.00 to C$16.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Ventum Financial increased their target price on Spartan Delta from C$10.50 to C$12.25 and gave the stock a "buy" rating in a report on Tuesday, February 24th. TD Securities increased their target price on Spartan Delta from C$9.50 to C$12.00 and gave the stock a "buy" rating in a report on Tuesday, February 24th. ATB Cormark Capital Markets raised Spartan Delta from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from C$13.25 to C$17.00 in a report on Wednesday, May 6th. Finally, National Bank Financial raised their price objective on Spartan Delta from C$15.50 to C$16.00 and gave the company an "outperform" rating in a research note on Wednesday, May 6th.

Spartan Delta Stock Performance

SDE opened at C$12.61 on Monday. The firm has a market cap of C$2.56 billion, a P/E ratio of 40.68 and a beta of 0.05. Spartan Delta has a 52-week low of C$2.65 and a 52-week high of C$14.00. The company has a debt-to-equity ratio of 39.96, a quick ratio of 0.66 and a current ratio of 0.58. The business's fifty day moving average is C$11.95 and its 200-day moving average is C$9.24.

Spartan Delta (TSE:SDE - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported C($0.07) earnings per share (EPS) for the quarter. The company had revenue of C$136.90 million for the quarter. Spartan Delta had a return on equity of 9.84% and a net margin of 14.14%. Sell-side analysts expect that Spartan Delta will post 0.305004 EPS for the current fiscal year.

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.

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