Spartan Delta Corp. (TSE:SDE) Stock Has Average Target Price of C$14.10 According to Analysts

Spartan Delta Corp. (TSE:SDE) has been assigned a consensus rating of “Buy” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$14.10.

A number of equities analysts recently commented on the stock. TD boosted their target price 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 target on Spartan Delta and gave the stock a “hold” rating in a research note on Friday, July 17th. Scotiabank upgraded shares of Spartan Delta to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Royal Bank Of Canada set a C$17.00 target price on Spartan Delta and gave the company a “moderate buy” rating in a report on Wednesday, September 23rd.

Spartan Delta Stock Down 0.9%

Shares of Spartan Delta stock opened at C$13.74 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. Spartan Delta has a 52-week low of C$5.24 and a 52-week high of C$14.40. The company has a market capitalization of C$2.82 billion, a P/E ratio of 39.26 and a beta of 0.21. The company has a 50 day moving average of C$12.85 and a 200 day moving average of C$12.39.

Spartan Delta (TSE:SDE) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.20 EPS for the quarter. Spartan Delta had a net margin of 13.77% and a return on equity of 10.71%. The company had revenue of C$166.14 million for the quarter. As a group, research 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.