Spartan Delta Corp. (TSE:SDE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$10.75.

SDE has been the subject of several recent analyst reports. Ventum Financial boosted their price target on Spartan Delta from C$10.50 to C$12.25 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Desjardins lifted their price objective on Spartan Delta from C$9.50 to C$11.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. National Bank Financial upped their target price on shares of Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Scotiabank raised their price target on shares of Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Finally, BMO Capital Markets lifted their price target on shares of Spartan Delta from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th.

Spartan Delta Trading Up 0.4%

Shares of TSE SDE opened at C$10.78 on Wednesday. The firm’s 50 day moving average price is C$8.84 and its 200-day moving average price is C$7.05. Spartan Delta has a 52-week low of C$2.39 and a 52-week high of C$11.59. The company has a debt-to-equity ratio of 29.03, a quick ratio of 0.66 and a current ratio of 0.87. The company has a market cap of C$2.16 billion, a PE ratio of 53.90 and a beta of 0.45.

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.