Desjardins cut shares of Spartan Delta (TSE:SDE – Free Report) from a buy rating to a hold rating in a research report released on Tuesday, BayStreet.CA reports. The brokerage currently has C$4.50 price objective on the stock.
Other equities analysts have also issued reports about the company. National Bankshares upped their target price on 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. TD Securities decreased their target price on 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. Raymond James decreased their target price on Spartan Delta from C$6.50 to C$5.00 and set an outperform rating on the stock in a research note on Friday, January 19th. CIBC upped their target price on Spartan Delta from C$3.75 to C$4.00 and gave the stock a neutral rating in a research note on Monday. Finally, Stifel Nicolaus upped their target price 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Spartan Delta has an average rating of Moderate Buy and an average price target of C$6.29.
Check Out Our Latest Stock Report on SDE
Spartan Delta Stock Performance
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 (EPS) for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.06. The business had revenue of C$77.32 million for the quarter. Spartan Delta had a return on equity of 68.13% and a net margin of 111.86%. Research analysts forecast that Spartan Delta will post 0.3506013 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.
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