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

Shares of Spartan Delta Corp. (TSE:SDE - Get Free Report) reached a new 52-week high on Monday . The company traded as high as C$4.45 and last traded at C$4.43, with a volume of 52779 shares. The stock had previously closed at C$4.39.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Ventum Financial set a C$5.25 price objective on shares of Spartan Delta and gave the stock a "buy" rating in a report on Monday, March 31st. CIBC lowered their target price on shares of Spartan Delta from C$7.00 to C$5.00 in a research report on Thursday, April 10th. Finally, Ventum Cap Mkts upgraded shares of Spartan Delta to a "strong-buy" rating in a research report on Monday, March 31st. Two research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Strong Buy" and a consensus target price of C$5.63.

Spartan Delta Trading Up 2.3%

The business's 50-day moving average price is C$3.53 and its 200-day moving average price is C$3.39. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66. The firm has a market capitalization of C$895.24 million, a PE ratio of 5.58 and a beta of 1.49.

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.