Spartan Delta (TSE:SDE) Hits New 52-Week High - Should You Buy?

Key Points

• Spartan Delta hit a new 52-week high, trading as high as C$13.55 (last C$12.96) with about 667,613 shares changing hands.
• Multiple analysts have raised targets and ratings; the stock carries an average rating of "Moderate Buy" with a consensus target of C$11.09, which is below the current trading level.
• The company has a market capitalization of C$2.60 billion and a PE of 37.03, with bullish momentum (50‑day C$10.43 vs 200‑day C$7.96) but liquidity ratios under 1 and a debt‑to‑equity of 29.03.

Spartan Delta Corp. (TSE:SDE - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$13.55 and last traded at C$12.96, with a volume of 667613 shares changing hands. The stock had previously closed at C$13.19.

Analyst Upgrades and Downgrades

SDE has been the subject of a number of recent analyst reports. Scotiabank boosted 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. TD Securities increased their target price on Spartan Delta from C$9.50 to C$12.00 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Ventum Financial lifted 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. National Bank Financial boosted their price target on Spartan Delta from C$7.50 to C$9.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 6th. Finally, BMO Capital Markets upped their price target on Spartan Delta from C$9.00 to C$11.00 and gave the company an "outperform" rating in a report on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$11.09.

Spartan Delta Price Performance

The stock has a market capitalization of C$2.60 billion, a PE ratio of 37.03 and a beta of 0.31. The firm's fifty day moving average price is C$10.43 and its two-hundred day moving average price is C$7.96. 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.

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