Spartan Delta Corp. (OTCMKTS:DALXF) Stock Rated “Buy” by Wall Street Brokerages

Shares of Spartan Delta Corp. (OTCMKTS:DALXF) have been assigned a consensus rating of “Buy” from the six analysts that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy rating.

Several analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Spartan Delta in a research note on Friday, October 9th. Royal Bank Of Canada started coverage on Spartan Delta in a report on Wednesday, September 23rd. They set an “outperform” rating for the company.

Spartan Delta Stock Up 2.3%

OTCMKTS:DALXF opened at $9.90 on Friday. Spartan Delta has a fifty-two week low of $3.75 and a fifty-two week high of $11.52. The firm’s 50 day moving average is $9.37 and its two-hundred day moving average is $8.93.

About Spartan Delta

Spartan Delta Corp. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, developing and operating energy assets in the Western Canadian Sedimentary Basin, with an emphasis on natural gas, natural gas liquids and crude oil production.

Spartan Delta’s operations have historically been concentrated in Alberta, including the Deep Basin and other liquids-rich areas. Its activities include drilling and completing wells, operating production infrastructure, and marketing the hydrocarbons produced from its properties.