Cormark Raises Spartan Delta (TSE:SDE) Price Target to C$7.50

Spartan Delta (TSE:SDE) had its price target increased by Cormark from C$6.50 to C$7.50 in a report released on Wednesday, BayStreet.CA reports.

SDE has been the topic of several other research reports. BMO Capital Markets set a C$5.50 price objective on shares of Spartan Delta and gave the company an outperform rating in a report on Tuesday, April 9th. Stifel Nicolaus upped their price target on Spartan Delta from C$4.25 to C$4.50 and gave the stock a buy rating in a research note on Tuesday, February 27th. National Bankshares raised their price objective on Spartan Delta from C$5.00 to C$5.50 in a research note on Wednesday. ATB Capital lowered their target price on Spartan Delta from C$4.50 to C$4.25 and set a sector perform rating on the stock in a research report on Tuesday, February 27th. Finally, Raymond James reduced 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Spartan Delta currently has a consensus rating of Moderate Buy and a consensus target price of C$5.36.

Spartan Delta Trading Up 2.1 %

TSE SDE opened at C$4.30 on Wednesday. The stock has a market capitalization of C$744.76 million, a P/E ratio of 1.13 and a beta of 1.75. The business has a 50 day simple moving average of C$3.73 and a 200 day simple moving average of C$3.44. The company has a debt-to-equity ratio of 18.55, a current ratio of 0.89 and a quick ratio of 0.66. Spartan Delta has a one year low of C$2.63 and a one year high of C$16.66.

Spartan Delta (TSE:SDE) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). Spartan Delta had a return on equity of 68.13% and a net margin of 111.86%. The business had revenue of C$84.15 million for the quarter. Research analysts expect that Spartan Delta will post 0.3284434 earnings per share for the current year.

Spartan Delta Company Profile

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.