Spartan Delta (TSE:SDE) Upgraded to Moderate Buy at Desjardins

Spartan Delta (TSE:SDE) was upgraded by equities researchers at Desjardins to a “moderate buy” rating in a research note issued on Thursday,Zacks.com reports.

SDE has been the subject of a number of other reports. Scotiabank upped their price target on shares of Spartan Delta from C$6.00 to C$7.50 in a research note on Thursday. BMO Capital Markets cut their target price on Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. Finally, National Bankshares increased their price target on Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$5.83.

Spartan Delta Stock Down 2.6 %

Shares of Spartan Delta stock opened at C$3.80 on Thursday. The company has a debt-to-equity ratio of 30.43, a current ratio of 0.93 and a quick ratio of 0.66. Spartan Delta has a 1-year low of C$2.78 and a 1-year high of C$4.36. The business’s fifty day moving average price is C$3.54 and its two-hundred day moving average price is C$3.69. The company has a market capitalization of C$658.16 million, a P/E ratio of 4.58 and a beta of 1.49.

Spartan Delta (TSE:SDE) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$60.55 million for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. As a group, research analysts forecast that Spartan Delta will post 0.305004 EPS for the current 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.