Spartan Delta (TSE:SDE) Stock Price Expected to Rise, Scotiabank Analyst Says

Spartan Delta (TSE:SDE) had its target price hoisted by Scotiabank from C$6.00 to C$7.50 in a report issued on Thursday morning,BayStreet.CA reports.

SDE has been the topic of several other reports. BMO Capital Markets dropped their price target on Spartan Delta from C$6.00 to C$5.00 in a research note on Friday, December 13th. National Bankshares increased their target price on shares of Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$5.83.

Spartan Delta Trading Down 2.6 %

SDE opened at C$3.80 on Thursday. Spartan Delta has a twelve month low of C$2.78 and a twelve month high of C$4.36. The company has a fifty day moving average of C$3.55 and a 200-day moving average of C$3.69. The stock has a market cap of C$658.16 million, a PE ratio of 4.58 and a beta of 1.49. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 30.43.

Spartan Delta (TSE:SDE) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$60.55 million during the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. On average, sell-side analysts predict that Spartan Delta will post 0.305004 EPS for the current year.

Spartan Delta Company Profile

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.