Brokerages Set Spartan Delta Corp. (TSE:SDE) Price Target at C$13.84

Shares of Spartan Delta Corp. (TSE:SDE) have been assigned an average recommendation of “Buy” from the ten research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$13.84.

Several equities research analysts have issued reports on SDE shares. ATB Cormark Capital Markets raised shares of Spartan Delta from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$13.25 to C$17.00 in a research note on Wednesday, May 6th. National Bank Financial upped their price objective on shares of Spartan Delta from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. 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. TD boosted their price target on Spartan Delta from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Scotiabank raised Spartan Delta to a “strong-buy” rating in a research note on Friday, June 26th.

Spartan Delta Stock Up 0.3%

Shares of TSE:SDE opened at C$12.88 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 30.41. Spartan Delta has a 52-week low of C$4.73 and a 52-week high of C$14.40. The stock’s fifty day simple moving average is C$11.74 and its 200-day simple moving average is C$11.80. The company has a market capitalization of C$2.64 billion, a P/E ratio of 36.80 and a beta of 0.26.

Spartan Delta (TSE:SDE) last posted 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 firm had revenue of C$166.14 million during the quarter. As a group, equities research analysts forecast that Spartan Delta will post 0.305004 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.