National Bankshares Boosts Spartan Delta (TSE:SDE) Price Target to C$5.50

Spartan Delta (TSE:SDE) had its price target increased by investment analysts at National Bankshares from C$5.00 to C$5.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 29.41% from the company’s previous close.

A number of other analysts have also weighed in on SDE. Desjardins lowered shares of Spartan Delta from a “buy” rating to a “hold” rating and set a C$4.50 price objective on the stock. in a research report on Tuesday, April 23rd. Stifel Nicolaus raised their price target on Spartan Delta from C$4.25 to C$4.50 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. ATB Capital cut their price objective on Spartan Delta from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a research report on Tuesday, February 27th. BMO Capital Markets set a C$5.50 target price on Spartan Delta and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Finally, TD Securities lowered their target price on shares of Spartan Delta from C$4.50 to C$4.25 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$5.36.

Spartan Delta Trading Up 1.0 %

Shares of TSE SDE traded up C$0.04 during trading hours on Wednesday, hitting C$4.25. 238,667 shares of the company traded hands, compared to its average volume of 235,103. The company’s 50 day moving average price is C$3.71 and its 200 day moving average price is C$3.44. Spartan Delta has a 12 month low of C$2.63 and a 12 month high of C$16.66. The stock has a market capitalization of C$736.10 million, a price-to-earnings ratio of 1.12 and a beta of 1.75. The company has a current ratio of 0.89, a quick ratio of 0.66 and a debt-to-equity ratio of 18.55.

Spartan Delta (TSE:SDE) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). The firm had revenue of C$84.15 million for the quarter. Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. On average, equities research analysts anticipate that Spartan Delta will post 0.3284434 earnings per share 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.