Brokerages Set Spartan Delta Corp. (TSE:SDE) PT at C$5.61

Shares of Spartan Delta Corp. (TSE:SDE) have earned an average recommendation of “Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$5.61.

A number of research firms recently weighed in on SDE. Desjardins raised Spartan Delta from a “hold” rating to a “buy” rating and upped their price target for the stock from C$4.75 to C$5.00 in a report on Monday, August 12th. Cormark upgraded Spartan Delta to a “strong-buy” rating in a research report on Monday, September 23rd. National Bankshares dropped their price target on shares of Spartan Delta from C$6.00 to C$5.50 in a research note on Friday, September 27th. Finally, CIBC upped their price objective on shares of Spartan Delta from C$6.00 to C$7.00 in a research report on Monday, July 15th.

Insider Activity

In related news, Senior Officer Ojay Platt sold 16,333 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$4.00, for a total transaction of C$65,332.00. In other Spartan Delta news, Senior Officer Ojay Platt sold 16,333 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$4.00, for a total transaction of C$65,332.00. Also, Senior Officer Martin Malek bought 12,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was bought at an average cost of C$3.80 per share, with a total value of C$45,600.00. Company insiders own 12.43% of the company’s stock.

Spartan Delta Price Performance

Shares of TSE SDE opened at C$3.80 on Friday. The company has a debt-to-equity ratio of 30.43, a current ratio of 0.93 and a quick ratio of 0.66. The firm’s 50 day simple moving average is C$3.88 and its 200-day simple moving average is C$3.96. Spartan Delta has a 12 month low of C$2.63 and a 12 month high of C$4.52. The stock has a market capitalization of C$658.16 million, a price-to-earnings ratio of 4.58 and a beta of 1.52.

Spartan Delta (TSE:SDE) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.09 EPS for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. The company had revenue of C$73.45 million for the quarter. Analysts expect that Spartan Delta will post 0.2899126 EPS for the current 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.