Spartan Delta Corp. (CVE:SDE) Receives Average Rating of “Buy” from Analysts

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Shares of Spartan Delta Corp. (CVE:SDE) have been given an average rating of “Buy” by the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$6.42.

SDE has been the topic of several recent research reports. Eight Capital boosted their price target on shares of Spartan Delta from C$7.50 to C$8.00 in a research report on Friday, March 19th. ATB Capital boosted their target price on shares of Spartan Delta from C$4.75 to C$5.00 in a report on Monday, January 11th. BMO Capital Markets raised their price target on shares of Spartan Delta from C$4.00 to C$5.00 in a report on Monday, March 15th. Scotiabank upped their price objective on Spartan Delta from C$7.00 to C$7.50 in a report on Thursday, April 15th. Finally, National Bankshares increased their price objective on Spartan Delta from C$6.00 to C$6.75 and gave the stock an “outperform” rating in a research report on Monday, March 15th.

Shares of Spartan Delta stock traded up C$0.02 on Tuesday, hitting C$4.52. 124,694 shares of the company were exchanged, compared to its average volume of 232,570. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 36.18. The company has a 50-day moving average price of C$4.10 and a 200 day moving average price of C$3.58. Spartan Delta has a 1-year low of C$2.00 and a 1-year high of C$4.58.

Spartan Delta (CVE:SDE) last released its quarterly earnings data on Friday, March 12th. The company reported C$0.18 earnings per share for the quarter. The company had revenue of C$45.21 million for the quarter. Analysts predict that Spartan Delta will post 0.67 EPS for the current fiscal year.

Spartan Delta Company Profile

Spartan Delta Corp. engages in the exploration, development, and production of petroleum and natural gas properties in the Western Canada. It also owns and operates oil and gas properties in Alberta, Saskatchewan, and British Columbia. As of December 31, 2020, company owned total proved plus probable reserves of 206,942 thousand barrels of oil equivalent.

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Analyst Recommendations for Spartan Delta (CVE:SDE)

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