Spartan Delta Corp. (SDE.TO) – What Are Brokerages Saying About This Stock?

Shares of Spartan Delta Corp. (TSE:SDE) have earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$14.48.

A number of research analysts have weighed in on SDE shares. Royal Bank Of Canada set a C$17.00 price objective on shares of Spartan Delta and gave the company a “moderate buy” rating in a research note on Wednesday, September 23rd. Desjardins set a C$13.50 target price on shares of Spartan Delta and gave the stock a “hold” rating in a research report on Friday, July 17th. Finally, TD lowered their target price on shares of Spartan Delta from C$17.00 to C$16.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th.

Spartan Delta Stock Performance

TSE SDE opened at C$11.16 on Monday. Spartan Delta has a 52 week low of C$6.48 and a 52 week high of C$15.13. The business has a 50 day moving average price of C$13.39 and a 200-day moving average price of C$12.07. The company has a quick ratio of 0.66, a current ratio of 0.68 and a debt-to-equity ratio of 36.53. The company has a market cap of C$2.30 billion, a price-to-earnings ratio of 32.82 and a beta of 0.39.

Spartan Delta (TSE:SDE) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$181.48 million during the quarter. Spartan Delta had a net margin of 11.31% and a return on equity of 10.02%. As a group, equities analysts expect that Spartan Delta will post 0.31 earnings per share for the current fiscal year.

About Spartan Delta

Spartan is committed to creating value for its shareholders, focused on sustainability in both operations and financial performance. The Company’s culture is centered on generating Free Funds Flow through responsible oil and gas exploration and development. The Company has established a portfolio of high-quality production and development opportunities in the Deep Basin and the Duvernay. Spartan will continue to focus on the execution of the Company’s organic drilling program across its portfolio, delivering operational synergies in a respectful and responsible manner in relation to the environment and communities it operates in.