BMO Capital Markets set a C$5.50 price objective on Spartan Delta (TSE:SDE - Free Report) in a research report released on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
SDE has been the topic of a number of other research reports. National Bankshares reduced their target price on Spartan Delta from C$6.50 to C$4.50 and set an outperform rating on the stock in a report on Wednesday, January 10th. Desjardins reduced their target price on Spartan Delta from C$4.75 to C$4.50 and set a buy rating on the stock in a report on Friday, March 22nd. CIBC lifted their target price on Spartan Delta from C$3.25 to C$3.75 and gave the company a neutral rating in a report on Tuesday, February 27th. Stifel Nicolaus upped their target price on Spartan Delta from C$4.25 to C$4.50 and gave the stock a buy rating in a research report on Tuesday, February 27th. Finally, ATB Capital decreased their target price on Spartan Delta from C$4.50 to C$4.25 and set a sector perform rating for the company in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Spartan Delta has an average rating of Moderate Buy and a consensus price target of C$6.22.
Get Our Latest Stock Report on SDE
Spartan Delta Trading Up 2.2 %
Shares of SDE stock traded up C$0.08 during mid-day trading on Tuesday, hitting C$3.80. 172,778 shares of the company's stock were exchanged, compared to its average volume of 226,532. Spartan Delta has a fifty-two week low of C$2.63 and a fifty-two week high of C$16.66. The stock has a 50-day simple moving average of C$3.34 and a two-hundred day simple moving average of C$3.44. The company has a quick ratio of 0.66, a current ratio of 0.89 and a debt-to-equity ratio of 18.55. The stock has a market cap of C$658.16 million, a price-to-earnings ratio of 0.99 and a beta of 1.75.
Spartan Delta (TSE:SDE - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported C$0.18 earnings per share for the quarter, beating analysts' consensus estimates of C$0.12 by C$0.06. Spartan Delta had a return on equity of 68.13% and a net margin of 111.86%. The firm had revenue of C$77.32 million for the quarter. Equities analysts expect that Spartan Delta will post 0.3617619 EPS for the current fiscal year.
About Spartan Delta
(
Get Free Report)
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.
Read More
Before you consider Spartan Delta, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spartan Delta wasn't on the list.
While Spartan Delta currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
