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Spartan Delta (TSE:SDE) Sets New 12-Month High - Here's Why

Spartan Delta logo with Energy background

Spartan Delta Corp. (TSE:SDE - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as C$4.67 and last traded at C$4.57, with a volume of 65260 shares changing hands. The stock had previously closed at C$4.61.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on Spartan Delta

Spartan Delta Trading Down 3.0%

The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. The company has a 50-day simple moving average of C$3.60 and a 200 day simple moving average of C$3.41. The company has a market capitalization of C$895.24 million, a P/E ratio of 5.58 and a beta of 1.49.

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.

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