TD Issues Pessimistic Forecast for Spartan Delta (TSE:SDE) Stock Price

Spartan Delta (TSE:SDE) had its price objective dropped by equities researchers at TD from C$17.00 to C$16.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD‘s price objective points to a potential upside of 33.33% from the stock’s current price.

A number of other brokerages have also commented on SDE. Desjardins set a C$13.50 target price on Spartan Delta and gave the company a “hold” rating in a research report on Friday, July 17th. Royal Bank Of Canada set a C$17.00 price target on shares of Spartan Delta and gave the stock a “moderate buy” rating in a research report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Spartan Delta has a consensus rating of “Buy” and a consensus price target of C$14.48.

Spartan Delta Stock Performance

SDE traded down C$1.06 on Wednesday, reaching C$12.00. 2,346,641 shares of the stock were exchanged, compared to its average volume of 743,009. The company has a debt-to-equity ratio of 30.41, a current ratio of 0.73 and a quick ratio of 0.66. The company’s 50-day moving average price is C$13.49 and its 200 day moving average price is C$12.02. The firm has a market capitalization of C$2.46 billion, a PE ratio of 34.29 and a beta of 0.39. Spartan Delta has a fifty-two week low of C$6.19 and a fifty-two week high of C$15.13.

Spartan Delta (TSE:SDE) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported C$0.02 earnings per share for the quarter. Spartan Delta had a return on equity of 10.71% and a net margin of 13.77%. The business had revenue of C$181.48 million for the quarter. As a group, sell-side analysts forecast that Spartan Delta will post 0.31 EPS for the current fiscal year.

Spartan Delta Company Profile

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.