Spartan Delta (TSE:SDE – Get Free Report) had its price objective boosted by analysts at National Bankshares from C$4.50 to C$5.00 in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 19.62% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets set a C$5.50 target price on shares of Spartan Delta and gave the company an “outperform” rating in a report on Tuesday, April 9th. TD Securities decreased their price target on shares of Spartan Delta from C$4.50 to C$4.25 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Raymond James decreased their price target on shares of Spartan Delta from C$6.50 to C$5.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. CIBC upped their price target on shares of Spartan Delta from C$3.25 to C$3.75 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Finally, ATB Capital decreased their price target on shares of Spartan Delta from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Spartan Delta currently has an average rating of “Moderate Buy” and an average target price of C$6.26.
Get Our Latest Research Report on Spartan Delta
Spartan Delta Trading Up 8.0 %
Spartan Delta (TSE:SDE – Get Free Report) last issued its earnings results on Monday, February 26th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.06. Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. The business had revenue of C$77.32 million for the quarter. Sell-side analysts expect that Spartan Delta will post 0.3506013 earnings per share 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.
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