Spartan Delta (TSE:SDE) PT Raised to C$5.50 at National Bankshares

Spartan Delta (TSE:SDE) had its price target raised by National Bankshares from C$5.00 to C$5.50 in a report issued on Wednesday morning, BayStreet.CA reports.

A number of other research analysts have also issued reports on the stock. ATB Capital reduced their target price on shares of Spartan Delta from C$4.50 to C$4.25 and set a sector perform rating on the stock in a report on Tuesday, February 27th. TD Securities reduced 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 note on Tuesday, February 27th. 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. CIBC increased their price target on 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. Finally, Raymond James decreased their price objective 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$5.36.

Spartan Delta Trading Up 2.1 %

Shares of Spartan Delta stock opened at C$4.30 on Wednesday. The business has a 50 day moving average price of C$3.73 and a 200 day moving average price of C$3.44. The company has a market capitalization of C$744.76 million, a P/E ratio of 1.13 and a beta of 1.75. 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 1 year low of C$2.63 and a 1 year high of C$16.66.

Spartan Delta (TSE:SDE) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.01). The company had revenue of C$84.15 million during the quarter. Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. Sell-side analysts anticipate that Spartan Delta will post 0.3284434 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.