Spartan Delta (DALXF) Projected to Announce Earnings on Tuesday

Spartan Delta (OTCMKTS:DALXF) is projected to announce its results after the market closes on Tuesday, November 3rd. Analysts expect the company to announce earnings of $0.0640 per share and revenue of $135.06 million for the quarter.

Spartan Delta Stock Performance

DALXF opened at $10.54 on Tuesday. The stock’s 50 day simple moving average is $9.55 and its 200 day simple moving average is $8.52. Spartan Delta has a 1 year low of $4.28 and a 1 year high of $11.52.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Spartan Delta in a research report on Friday, October 9th. BMO Capital Markets restated an “outperform” rating on shares of Spartan Delta in a report on Thursday. Scotiabank reaffirmed an “outperform” rating on shares of Spartan Delta in a research note on Monday, October 19th. Finally, Royal Bank Of Canada started coverage on shares of Spartan Delta in a research note on Wednesday, September 23rd. They issued an “outperform” rating on the stock. Six investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

About Spartan Delta

Spartan Delta Corp. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, developing and operating energy assets in the Western Canadian Sedimentary Basin, with an emphasis on natural gas, natural gas liquids and crude oil production.

Spartan Delta’s operations have historically been concentrated in Alberta, including the Deep Basin and other liquids-rich areas. Its activities include drilling and completing wells, operating production infrastructure, and marketing the hydrocarbons produced from its properties.