Spartan Delta Corp. (TSE:SDE) Receives Average Recommendation of “Buy” from Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have received a consensus rating of “Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$9.50.

SDE has been the topic of several research analyst reports. National Bankshares raised their price target on Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. TD Securities increased their target price on Spartan Delta from C$7.50 to C$9.50 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Scotiabank lifted their price target on Spartan Delta from C$8.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. CIBC upped their price target on Spartan Delta from C$6.25 to C$9.00 in a report on Wednesday, October 15th. Finally, Desjardins raised their price objective on shares of Spartan Delta from C$8.00 to C$8.50 and gave the stock a “hold” rating in a research note on Tuesday, January 6th.

Spartan Delta Price Performance

Shares of Spartan Delta stock opened at C$9.16 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. The firm has a fifty day simple moving average of C$7.72 and a 200-day simple moving average of C$6.22. The stock has a market capitalization of C$1.84 billion, a price-to-earnings ratio of 45.80 and a beta of 0.22. Spartan Delta has a 1-year low of C$2.39 and a 1-year high of C$9.39.

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.