Spartan Delta Corp. (TSE:SDE) Receives C$11.09 Average Price Target from Brokerages

Spartan Delta Corp. (TSE:SDE) has earned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$11.09.

Several brokerages have recently weighed in on SDE. Roth Mkm set a C$13.50 target price on shares of Spartan Delta and gave the company a “buy” rating in a research note on Wednesday, March 4th. TD Securities raised their price target on shares of Spartan Delta from C$9.50 to C$12.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. National Bank Financial raised their price target on shares of Spartan Delta from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. BMO Capital Markets raised 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. Finally, Desjardins raised their price target on shares of Spartan Delta from C$9.50 to C$11.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th.

Spartan Delta Price Performance

SDE stock opened at C$11.38 on Thursday. Spartan Delta has a 52 week low of C$2.60 and a 52 week high of C$13.55. The company has a quick ratio of 0.66, a current ratio of 0.87 and a debt-to-equity ratio of 29.03. The company has a fifty day simple moving average of C$11.23 and a two-hundred day simple moving average of C$8.59. The firm has a market capitalization of C$2.30 billion, a P/E ratio of 32.51 and a beta of -0.03.

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.