Spartan Delta Corp. (TSE:SDE) Stock Has Average Target Price of C$14.57 According to Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have earned a consensus recommendation of “Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$14.48.

A number of research firms recently commented on SDE. Desjardins set a C$13.50 price objective on Spartan Delta and gave the company a “hold” rating in a report on Friday, July 17th. Royal Bank Of Canada set a C$17.00 target price on Spartan Delta and gave the stock a “moderate buy” rating in a report on Wednesday, September 23rd. Finally, TD reduced their target price on Spartan Delta from C$17.00 to C$16.00 and set a “buy” rating on the stock in a report on Wednesday.

Spartan Delta Stock Down 9.6%

Shares of TSE SDE opened at C$11.81 on Monday. The firm has a market capitalization of C$2.42 billion, a PE ratio of 33.74 and a beta of 0.39. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 1.63. Spartan Delta has a 1 year low of C$6.19 and a 1 year high of C$15.13. The firm’s 50-day moving average is C$13.47 and its 200-day moving average is C$12.04.

Spartan Delta (TSE:SDE) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported C$0.02 earnings per share (EPS) for the quarter. Spartan Delta had a net margin of 11.31% and a return on equity of 10.02%. The firm had revenue of C$181.48 million for the quarter. Equities analysts expect that Spartan Delta will post 0.31 EPS for the current 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.