Spartan Delta Corp. (TSE:SDE) Given Average Recommendation of “Buy” by Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have received a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$5.61.

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

Spartan Delta Stock Performance

The business has a 50 day moving average of C$3.61 and a two-hundred day moving average of C$3.88. Spartan Delta has a twelve month low of C$2.63 and a twelve month high of C$4.36. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 30.43. The company has a market cap of C$637.38 million, a PE ratio of 4.41 and a beta of 1.49.

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 business had revenue of C$60.55 million for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. Analysts predict that Spartan Delta will post 0.305004 EPS for the current year.

Insider Buying and Selling at Spartan Delta

In other Spartan Delta news, Senior Officer Martin Malek acquired 12,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of C$3.80 per share, with a total value of C$45,600.00. 12.43% of the stock is currently owned by corporate insiders.

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.