Spartan Delta Corp. (TSE:SDE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$10.75.

A number of analysts recently weighed in on SDE shares. National Bank Financial lifted their price target on Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. BMO Capital Markets upped their price target on shares of Spartan Delta from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Ventum Financial increased their price target on shares of Spartan Delta from C$10.50 to C$12.25 and gave the company a “buy” rating in a report on Tuesday. Desjardins upped their target price on shares of Spartan Delta from C$9.50 to C$11.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, TD Securities increased their target price on shares of Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a report on Tuesday.

Spartan Delta Price Performance

SDE opened at C$10.48 on Wednesday. The stock has a market capitalization of C$2.10 billion, a P/E ratio of 52.40 and a beta of 0.45. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. Spartan Delta has a one year low of C$2.39 and a one year high of C$10.81. The business’s 50-day simple moving average is C$8.48 and its 200-day simple moving average is C$6.85.

Spartan Delta Company Profile

Spartan is committed to creating value for its shareholders, focused on sustainability in both operations and financial performance. The Company’s culture is centered on generating Free Funds Flow through responsible oil and gas exploration and development. The Company has established a portfolio of high-quality production and development opportunities in the Deep Basin and the Duvernay. Spartan will continue to focus on the execution of the Company’s organic drilling program across its portfolio, delivering operational synergies in a respectful and responsible manner in relation to the environment and communities it operates in.