Cormark Increases Spartan Delta (TSE:SDE) Price Target to C$7.50

Spartan Delta (TSE:SDE) had its price target boosted by analysts at Cormark from C$6.50 to C$7.50 in a note issued to investors on Wednesday, BayStreet.CA reports. Cormark’s price objective would suggest a potential upside of 75.23% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. BMO Capital Markets set a C$5.50 price objective on shares of Spartan Delta and gave the company an “outperform” rating in a research report on Tuesday, April 9th. ATB Capital reduced their price objective on Spartan Delta from C$4.50 to C$4.25 and set a “sector perform” rating for the company in a research note on Tuesday, February 27th. National Bankshares increased their price target on shares of Spartan Delta from C$5.00 to C$5.50 in a report on Wednesday. TD Securities cut 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. Finally, Raymond James reduced their price target on Spartan Delta from C$6.50 to C$5.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Spartan Delta currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.73.

Spartan Delta Trading Down 0.5 %

TSE:SDE opened at C$4.28 on Wednesday. The firm has a market cap of C$741.30 million, a P/E ratio of 1.12 and a beta of 1.75. The firm has a 50-day simple moving average of C$3.75 and a 200-day simple moving average of C$3.44. The company has a debt-to-equity ratio of 18.55, a quick ratio of 0.66 and a current ratio of 0.89. Spartan Delta has a one year low of C$2.63 and a one 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 for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). The company had revenue of C$84.15 million for the quarter. Spartan Delta had a return on equity of 68.13% and a net margin of 111.86%. Equities 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.