Analysts Set Spartan Delta Corp. (TSE:SDE) Price Target at C$6.13

Spartan Delta Corp. (TSE:SDE - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$6.13.

Several research analysts have recently weighed in on SDE shares. National Bankshares decreased their price objective on shares of Spartan Delta from C$6.50 to C$4.50 and set an "outperform" rating for the company in a report on Wednesday, January 10th. Stifel Nicolaus upped their price target on shares of Spartan Delta from C$4.25 to C$4.50 and gave the company a "buy" rating in a research note on Tuesday, February 27th. CIBC upped their price target on shares of Spartan Delta from C$3.25 to C$3.75 and gave the company a "neutral" rating in a research note on Tuesday, February 27th. TD Securities decreased their price target on shares of Spartan Delta from C$4.50 to C$4.25 and set a "buy" rating on the stock in a research note on Tuesday, February 27th. Finally, Raymond James decreased their price target on shares of Spartan Delta from C$6.50 to C$5.00 and set an "outperform" rating on the stock in a research note on Friday, January 19th.

Spartan Delta Trading Down 0.5 %

Shares of SDE traded down C$0.02 during trading hours on Friday, reaching C$3.83. 124,147 shares of the company traded hands, compared to its average volume of 226,909. The company's fifty day moving average price is C$3.33 and its two-hundred day moving average price is C$3.45. The company has a market capitalization of C$663.36 million, a price-to-earnings ratio of 1.00 and a beta of 1.75. The company has a quick ratio of 0.66, a current ratio of 0.89 and a debt-to-equity ratio of 18.55. Spartan Delta has a 12 month low of C$2.63 and a 12 month high of C$16.66.

Spartan Delta (TSE:SDE - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.12 by C$0.06. Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. The company had revenue of C$77.32 million during the quarter. Equities research analysts predict that Spartan Delta will post 0.3617619 earnings per share for the current fiscal year.

About Spartan Delta

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.