Scotiabank Boosts Spartan Delta (TSE:SDE) Price Target to C$7.50

Spartan Delta (TSE:SDE) had its price target upped by equities research analysts at Scotiabank from C$6.00 to C$7.50 in a report issued on Thursday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 92.80% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. BMO Capital Markets dropped their target price on shares of Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. National Bankshares boosted their price objective on Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$5.83.

Spartan Delta Trading Up 1.6 %

Spartan Delta stock traded up C$0.06 during trading on Thursday, reaching C$3.89. The company had a trading volume of 75,207 shares, compared to its average volume of 462,508. The company has a debt-to-equity ratio of 30.43, a quick ratio of 0.66 and a current ratio of 0.93. The firm has a market capitalization of C$673.75 million, a price-to-earnings ratio of 4.69 and a beta of 1.49. Spartan Delta has a 12-month low of C$2.78 and a 12-month high of C$4.36. The stock’s 50 day moving average price is C$3.54 and its two-hundred day moving average price is C$3.69.

Spartan Delta (TSE:SDE) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.02 EPS for the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. The business had revenue of C$60.55 million during the quarter. As a group, equities analysts expect that Spartan Delta will post 0.305004 earnings per share for the current fiscal 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.