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

Shares of Spartan Delta Corp. (TSE:SDEGet Rating) have been assigned a consensus recommendation of “Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have covered the stock in the last year is C$18.56.

Several research firms have recently commented on SDE. Scotiabank raised their price target on Spartan Delta from C$21.00 to C$22.00 in a research report on Thursday, July 14th. Haywood Securities lowered their price target on Spartan Delta from C$20.00 to C$18.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Stifel Nicolaus raised their price target on Spartan Delta from C$16.50 to C$17.50 in a research report on Monday, July 4th. Cormark raised their price target on Spartan Delta from C$22.50 to C$24.00 in a research report on Wednesday, August 10th. Finally, CIBC raised their price target on Spartan Delta from C$18.00 to C$19.50 and gave the stock an “outperform” rating in a research report on Thursday, August 11th.

Spartan Delta Stock Performance

Shares of Spartan Delta stock opened at C$12.03 on Tuesday. The stock has a market capitalization of C$1.87 billion and a price-to-earnings ratio of 3.83. Spartan Delta has a fifty-two week low of C$4.16 and a fifty-two week high of C$16.03. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 24.28. The stock has a 50 day simple moving average of C$12.50.

About Spartan Delta

(Get Rating)

Spartan Delta Corp. engages in the exploration, development, and production of petroleum and natural gas properties in the Western Canada. It also owns and operates oil and gas properties in Alberta, Saskatchewan, and British Columbia. As of December 31, 2021, company owned total proved plus probable reserves of 545,734 thousand barrels of oil equivalent.

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Analyst Recommendations for Spartan Delta (TSE:SDE)

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