Shares of Spartan Delta Corp. (TSE:SDE – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$6.29.
Several analysts have commented on SDE shares. National Bankshares lifted their target price on shares of Spartan Delta from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. CIBC lifted their target price on shares of Spartan Delta from C$3.75 to C$4.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Desjardins cut shares of Spartan Delta from a “buy” rating to a “hold” rating and set a C$4.50 target price for the company. in a research note on Tuesday, April 23rd. Raymond James lowered their price objective 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, TD Securities lowered their price objective on shares of Spartan Delta from C$4.50 to C$4.25 and set a “buy” rating for the company in a research note on Tuesday, February 27th.
Check Out Our Latest Research Report on SDE
Spartan Delta Trading Down 3.4 %
Spartan Delta (TSE:SDE – Get Free Report) last issued its quarterly earnings data on Monday, February 26th. The company reported C$0.18 earnings per share for the quarter, topping 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 business had revenue of C$77.32 million during the quarter. Equities analysts forecast that Spartan Delta will post 0.3284434 EPS 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.
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