Spartan Delta (TSE:SDE) Given New C$5.00 Price Target at National Bankshares

Spartan Delta (TSE:SDE) had its price target upped by National Bankshares from C$4.50 to C$5.00 in a research note issued to investors on Friday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. TD Securities lowered their price target on shares of Spartan Delta from C$4.50 to C$4.25 and set a buy rating for the company in a research report on Tuesday, February 27th. Stifel Nicolaus lifted 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. 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. 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 note on Friday, January 19th. Finally, Desjardins reduced 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 note on Friday, March 22nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$6.26.

Spartan Delta Stock Performance

Shares of SDE stock opened at C$4.18 on Friday. The company’s fifty day moving average price is C$3.50 and its 200-day moving average price is C$3.44. The stock has a market cap of C$723.98 million, a PE ratio of 1.09 and a beta of 1.75. The company has a current ratio of 0.89, a quick ratio of 0.66 and a debt-to-equity ratio of 18.55. 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 quarterly earnings results on Monday, February 26th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter. On average, equities analysts expect that Spartan Delta will post 0.3506013 EPS 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.