Spartan Delta (TSE:SDE) PT Raised to C$4.00 at CIBC

Spartan Delta (TSE:SDE) had its price target boosted by research analysts at CIBC from C$3.75 to C$4.00 in a research report issued on Monday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target indicates a potential downside of 3.61% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. BMO Capital Markets set a C$5.50 price target on shares of Spartan Delta and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Raymond James lowered their price target on Spartan Delta from C$6.50 to C$5.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Stifel Nicolaus increased their price objective 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. 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 report on Friday, March 22nd. Finally, TD Securities lowered their price objective on shares of Spartan Delta from C$4.50 to C$4.25 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$6.29.

Spartan Delta Trading Up 1.0 %

Shares of TSE:SDE opened at C$4.15 on Monday. The company has a 50 day moving average of C$3.54 and a 200-day moving average of 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 firm has a market cap of C$718.78 million, a P/E ratio of 1.09 and a beta of 1.75. Spartan Delta has a twelve month low of C$2.63 and a twelve 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 analysts’ consensus estimates of C$0.12 by C$0.06. Spartan Delta had a return on equity of 68.13% and a net margin of 111.86%. The business had revenue of C$77.32 million for the quarter. As a group, analysts anticipate that Spartan Delta will post 0.3506013 earnings per share for the current fiscal 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.