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Spartan Delta (TSE:SDE) Reaches New 1-Year High - Time to Buy?

Spartan Delta logo with Energy background

Key Points

  • Spartan Delta Corp. (TSE:SDE) reached a new 52-week high of C$4.92 during trading, closing at C$4.88 with a volume of 285,011 shares.
  • CIBC has downgraded the company's target price from C$7.00 to C$5.00, while the average target price remains at C$5.63 with a consensus rating of "Strong Buy."
  • Spartan Delta has a market cap of C$1.00 billion and is focused on oil and gas exploration and production in Alberta's Peace River Arch and Central Alberta regions.
  • Looking to Export and Analyze Spartan Delta Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Spartan Delta Corp. (TSE:SDE - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$4.92 and last traded at C$4.88, with a volume of 285011 shares trading hands. The stock had previously closed at C$4.74.

Analyst Upgrades and Downgrades

Separately, CIBC lowered their target price on Spartan Delta from C$7.00 to C$5.00 in a report on Thursday, April 10th. Two investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Spartan Delta has an average rating of "Strong Buy" and an average target price of C$5.63.

Read Our Latest Analysis on Spartan Delta

Spartan Delta Price Performance

The company's 50-day simple moving average is C$4.05 and its 200-day simple moving average is C$3.48. The company has a market cap of C$1.00 billion, a price-to-earnings ratio of 6.24 and a beta of 1.49. 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

(Get Free Report)

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.

See Also

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