Spartan Delta (TSE:SDE) Price Target Raised to C$6.00 at National Bankshares

Spartan Delta (TSE:SDE) had its price objective boosted by National Bankshares from C$5.75 to C$6.00 in a research note released on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

SDE has been the topic of a number of other reports. BMO Capital Markets cut their price target on Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. Cormark upgraded Spartan Delta to a “strong-buy” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Spartan Delta has a consensus rating of “Buy” and an average price target of C$5.56.

Spartan Delta Stock Up 2.0 %

TSE:SDE opened at C$3.01 on Thursday. The company has a debt-to-equity ratio of 30.43, a current ratio of 0.93 and a quick ratio of 0.66. Spartan Delta has a 1-year low of C$2.78 and a 1-year high of C$4.36. The company has a 50-day moving average of C$3.40 and a 200 day moving average of C$3.77. The firm has a market cap of C$521.33 million, a PE ratio of 3.63 and a beta of 1.49.

Spartan Delta (TSE:SDE) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$60.55 million during the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. As a group, research analysts anticipate that Spartan Delta will post 0.305004 EPS 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.