Spartan Delta (TSE:SDE) Given a C$17.00 Price Target at Royal Bank Of Canada

Spartan Delta (TSE:SDE) received a C$17.00 price target from stock analysts at Royal Bank Of Canada in a report released on Wednesday, Marketbeat Ratings reports. The firm presently has a “moderate buy” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 30.37% from the stock’s current price.

A number of other equities analysts have also recently issued reports on SDE. Desjardins set a C$13.50 target price on Spartan Delta and gave the stock a “hold” rating in a report on Friday, July 17th. TD boosted their price target on Spartan Delta from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Scotiabank raised shares of Spartan Delta to a “strong-buy” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Spartan Delta presently has a consensus rating of “Buy” and a consensus price target of C$14.10.

Spartan Delta Price Performance

TSE:SDE traded down C$0.01 on Wednesday, hitting C$13.04. The company had a trading volume of 24,661 shares, compared to its average volume of 749,148. The stock has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 37.26 and a beta of 0.24. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 30.41. The firm has a 50 day moving average of C$12.57 and a two-hundred day moving average of C$12.28. Spartan Delta has a 52 week low of C$5.24 and a 52 week high of C$14.40.

Spartan Delta (TSE:SDE) last posted its earnings results on Wednesday, July 29th. The company reported C$0.20 earnings per share for the quarter. Spartan Delta had a net margin of 13.77% and a return on equity of 10.71%. The firm had revenue of C$166.14 million for the quarter. On average, research analysts anticipate that Spartan Delta will post 0.305004 earnings per share for the current year.

About Spartan Delta

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.