Spartan Delta (TSE:SDE) Downgraded by Desjardins to Hold

Desjardins downgraded shares of Spartan Delta (TSE:SDE) from a buy rating to a hold rating in a report issued on Tuesday,BayStreet.CA reports. Desjardins currently has C$5.75 price target on the stock.

Spartan Delta Price Performance

Spartan Delta stock opened at C$4.88 on Tuesday. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66. The stock has a market cap of C$977.35 million, a price-to-earnings ratio of 6.09 and a beta of 1.49. The firm has a 50-day moving average of C$4.46 and a two-hundred day moving average of C$3.59. Spartan Delta has a 1 year low of C$2.39 and a 1 year high of C$5.20.

Spartan Delta Company Profile

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. The company operates and focuses its activities on Peace River Arch and Central Alberta.