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

Spartan Delta Corp. (TSE:SDE) has received a consensus rating of “Buy” from the eleven analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$14.57.

SDE has been the topic of several research analyst reports. TD raised their price objective on shares of Spartan Delta from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Desjardins set a C$13.50 price objective on shares of Spartan Delta and gave the stock a “hold” rating in a report on Friday, July 17th. 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 report on Wednesday, September 23rd. Finally, Scotiabank upgraded shares of Spartan Delta to a “strong-buy” rating in a research note on Friday, June 26th.

Spartan Delta Price Performance

TSE SDE opened at C$13.80 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 30.41. The stock has a market capitalization of C$2.83 billion, a PE ratio of 39.43 and a beta of 0.21. Spartan Delta has a 12-month low of C$5.24 and a 12-month high of C$14.40. The company has a 50 day moving average price of C$13.01 and a two-hundred day moving average price of C$12.42.

Spartan Delta (TSE:SDE) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.20 EPS 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$166.14 million for the quarter. As a group, equities analysts predict that Spartan Delta will post 0.31 earnings per share 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.