Spartan Delta (TSE:SDE) Rating Increased to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Spartan Delta (TSE:SDE) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

SDE has been the subject of several other research reports. National Bankshares raised their target price on Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Scotiabank raised their target price on Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday. Desjardins raised Spartan Delta to a “moderate buy” rating in a research report on Thursday. Finally, BMO Capital Markets decreased their target price on Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Spartan Delta presently has a consensus rating of “Buy” and an average price target of C$5.83.

Spartan Delta Stock Performance

Shares of TSE SDE opened at C$3.80 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 30.43. The stock has a market capitalization of C$658.16 million, a price-to-earnings ratio of 4.58 and a beta of 1.49. The stock’s fifty day simple moving average is C$3.54 and its 200 day simple moving average is C$3.69. Spartan Delta has a 52-week low of C$2.78 and a 52-week high of C$4.36.

Spartan Delta (TSE:SDE) last issued its earnings results on Tuesday, November 5th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$60.55 million for the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. As a group, sell-side analysts forecast that Spartan Delta will post 0.305004 earnings per share for the current fiscal year.

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.