Spartan Delta Corp. (TSE:SDE) Receives C$5.61 Consensus Price Target from Analysts

Spartan Delta Corp. (TSE:SDE) has received a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$5.61.

SDE has been the topic of a number of recent research reports. Desjardins raised 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 research report on Monday, August 12th. National Bankshares lowered their price target on shares of Spartan Delta from C$6.00 to C$5.50 in a report on Friday, September 27th. Cormark upgraded shares of Spartan Delta to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, CIBC increased their target price on shares of Spartan Delta from C$6.00 to C$7.00 in a research report on Monday, July 15th.

Spartan Delta Trading Down 2.6 %

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

Spartan Delta (TSE:SDE) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.09 EPS for the quarter. The company had revenue of C$73.45 million during the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. Equities analysts forecast that Spartan Delta will post 0.2899126 EPS for the current fiscal year.

Insider Transactions at Spartan Delta

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