Spartan Delta Corp. (TSE:SDE) Given Consensus Rating of “Buy” by Analysts

Spartan Delta Corp. (TSE:SDE) has earned a consensus rating of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$5.61.

A number of equities analysts have commented on the stock. Cormark upgraded shares of Spartan Delta to a “strong-buy” rating in a research report on Monday, September 23rd. National Bankshares cut their price target on shares of Spartan Delta from C$6.00 to C$5.50 in a report on Friday, September 27th.

Spartan Delta Stock Up 3.9 %

SDE opened at C$3.23 on Thursday. Spartan Delta has a 52 week low of C$2.63 and a 52 week high of C$4.36. The business has a 50 day moving average price of C$3.50 and a two-hundred day moving average price of C$3.82. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 30.43. The company has a market cap of C$559.44 million, a PE ratio of 3.89 and a beta of 1.49.

Spartan Delta (TSE:SDE) last released its quarterly earnings results 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, research analysts anticipate that Spartan Delta will post 0.305004 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Martin Malek acquired 12,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of C$3.80 per share, with a total value of C$45,600.00. 12.43% of the stock is owned by insiders.

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.