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

Shares of Spartan Delta Corp. (TSE:SDE) have received a consensus recommendation of “Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$5.61.

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

Spartan Delta Stock Performance

Spartan Delta has a 52 week low of C$2.63 and a 52 week high of C$4.36. The company’s 50-day moving average is C$3.61 and its 200 day moving average is C$3.88. 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 has a market cap of C$637.38 million, a price-to-earnings ratio of 4.41 and a beta of 1.49.

Spartan Delta (TSE:SDE) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.02 earnings per share (EPS) 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 fiscal year.

Insider Transactions at Spartan Delta

In other news, Senior Officer Martin Malek bought 12,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price 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.

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.