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

Spartan Delta Corp. (TSE:SDE) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$11.09.

SDE has been the subject of several research reports. Ventum Financial increased their price objective on Spartan Delta from C$10.50 to C$12.25 and gave the company a “buy” rating in a report on Tuesday, February 24th. Scotiabank boosted their target price on Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Roth Mkm set a C$13.50 price target on Spartan Delta and gave the company a “buy” rating in a research report on Wednesday, March 4th. BMO Capital Markets increased their price target on 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 lifted their price objective on Spartan Delta from C$9.50 to C$11.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th.

Spartan Delta Stock Down 1.1%

Spartan Delta stock opened at C$12.08 on Friday. Spartan Delta has a twelve month low of C$2.39 and a twelve month high of C$12.51. The firm has a 50 day moving average price of C$9.88 and a 200-day moving average price of C$7.62. The company has a market capitalization of C$2.42 billion, a P/E ratio of 34.51 and a beta of 0.31. The company has a quick ratio of 0.66, a current ratio of 0.87 and a debt-to-equity ratio of 29.03.

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.