Spartan Delta Corp. (TSE:SDE) Given Consensus Rating of “Buy” by Analysts

Spartan Delta Corp. (TSE:SDE) has been given an average rating of “Buy” by the ten brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$13.84.

SDE has been the subject of several recent research reports. Scotiabank raised shares of Spartan Delta to a “strong-buy” rating in a research report on Friday, June 26th. Desjardins set a C$13.50 target price on shares of Spartan Delta and gave the stock a “hold” rating in a research report on Friday, July 17th. Finally, TD upped their target price on shares of Spartan Delta from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday, July 30th.

Spartan Delta Stock Up 2.8%

Shares of TSE:SDE opened at C$13.44 on Friday. The stock has a 50-day simple moving average of C$12.46 and a 200-day simple moving average of C$12.21. The stock has a market capitalization of C$2.76 billion, a P/E ratio of 38.40 and a beta of 0.24. Spartan Delta has a 1 year low of C$5.08 and a 1 year high of C$14.40. The company has a debt-to-equity ratio of 30.41, a quick ratio of 0.66 and a current ratio of 0.73.

Spartan Delta (TSE:SDE) last announced its earnings results on Wednesday, July 29th. The company reported C$0.20 EPS for the quarter. The business had revenue of C$166.14 million for the quarter. Spartan Delta had a return on equity of 10.71% and a net margin of 13.77%. Equities analysts forecast 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.