Spartan Delta (TSE:SDE) Reaches New 1-Year High - Still a Buy?

Key Points

• Spartan Delta Corp. reached a new 52-week high of C$4.83, closing at C$4.81 with a trading volume of 53,627 shares.
• Analysts have varying opinions on the stock, with a recent price target set at C$5.25 by Ventum Financial and a revised target of C$5.00 by CIBC.
• The stock has an average rating of “Strong Buy” and a market capitalization of C$965.33 million, indicating strong potential for growth.

Spartan Delta Corp. (TSE:SDE - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$4.83 and last traded at C$4.81, with a volume of 53627 shares changing hands. The stock had previously closed at C$4.75.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Ventum Financial set a C$5.25 price target on Spartan Delta and gave the stock a "buy" rating in a research note on Monday, March 31st. CIBC cut their price target on Spartan Delta from C$7.00 to C$5.00 in a research note on Thursday, April 10th. Finally, Ventum Cap Mkts upgraded Spartan Delta to a "strong-buy" rating in a research note on Monday, March 31st. Two investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Strong Buy" and an average target price of C$5.63.

Spartan Delta Stock Up 1.5%

The stock has a market capitalization of C$965.33 million, a price-to-earnings ratio of 6.02 and a beta of 1.49. The business has a fifty day moving average of C$3.81 and a 200 day moving average of C$3.44. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66.

Spartan Delta Company Profile

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.

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