National Bankshares Increases Spartan Delta (TSE:SDE) Price Target to C$5.00

Spartan Delta (TSE:SDE) had its target price hoisted by National Bankshares from C$4.50 to C$5.00 in a report published on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

SDE has been the topic of several other reports. BMO Capital Markets set a C$5.50 target price on shares of Spartan Delta and gave the stock an outperform rating in a report on Tuesday, April 9th. Stifel Nicolaus increased their target price on shares of Spartan Delta from C$4.25 to C$4.50 and gave the stock a buy rating in a report on Tuesday, February 27th. Desjardins decreased their price target on shares of Spartan Delta from C$4.75 to C$4.50 and set a buy rating for the company in a research report on Friday, March 22nd. Raymond James decreased their price target on shares of Spartan Delta from C$6.50 to C$5.00 and set an outperform rating for the company in a research report on Friday, January 19th. Finally, ATB Capital decreased their price target on shares of Spartan Delta from C$4.50 to C$4.25 and set a sector perform rating for the company in a research report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Spartan Delta has a consensus rating of Moderate Buy and a consensus target price of C$6.26.

Spartan Delta Trading Up 8.0 %

TSE SDE opened at C$4.18 on Friday. The company’s 50-day moving average price is C$3.50 and its 200-day moving average price is C$3.44. The company has a current ratio of 0.89, a quick ratio of 0.66 and a debt-to-equity ratio of 18.55. The stock has a market cap of C$723.98 million, a PE ratio of 1.09 and a beta of 1.75. Spartan Delta has a 12 month low of C$2.63 and a 12 month high of C$16.66.

Spartan Delta (TSE:SDE) last issued its earnings results on Monday, February 26th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.12 by C$0.06. Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. The company had revenue of C$77.32 million for the quarter. Equities research analysts forecast that Spartan Delta will post 0.3506013 earnings per share for the current year.

About Spartan Delta

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.