Shares of Spartan Delta Corp. (TSE:SDE – Get Free Report) have been given an average recommendation of “Buy” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$5.61.
A number of equities analysts recently weighed in on the stock. Cibc World Mkts raised shares of Spartan Delta from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th. CIBC boosted their price target on shares of Spartan Delta from C$6.00 to C$7.00 in a report on Monday, July 15th. BMO Capital Markets boosted their price target on shares of Spartan Delta from C$5.50 to C$6.00 in a report on Thursday, May 9th. Desjardins downgraded shares of Spartan Delta from a “buy” rating to a “hold” rating and set a C$4.50 price target on the stock. in a report on Tuesday, April 23rd. Finally, Cormark raised shares of Spartan Delta from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, May 24th.
Read Our Latest Research Report on Spartan Delta
Spartan Delta Stock Performance
Spartan Delta (TSE:SDE – Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.01). The business had revenue of C$84.15 million during the quarter. Spartan Delta had a net margin of 154.30% and a return on equity of 58.05%. Sell-side analysts predict that Spartan Delta will post 0.3500432 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.
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