Spartan Delta Corp. (TSE:SDE) Receives Average Rating of “Buy” from Brokerages

Shares of Spartan Delta Corp. (TSE:SDE) have earned an average rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$6.96.

Several research firms recently commented on SDE. CIBC upped their price objective on Spartan Delta from C$6.25 to C$9.00 in a research note on Wednesday, October 15th. Scotiabank raised their price target on shares of Spartan Delta from C$7.50 to C$8.00 in a report on Thursday, October 9th. Desjardins boosted their price target on shares of Spartan Delta from C$7.00 to C$8.00 and gave the company a “hold” rating in a research report on Monday, November 24th. Finally, TD Securities increased their price objective on Spartan Delta from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research report on Wednesday, November 5th.

Spartan Delta Trading Up 1.1%

Shares of Spartan Delta stock opened at C$7.60 on Friday. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66. The firm has a market cap of C$1.52 billion, a PE ratio of 38.00 and a beta of 0.29. Spartan Delta has a 1 year low of C$2.39 and a 1 year high of C$7.83. The stock has a fifty day moving average price of C$6.36 and a 200-day moving average price of C$5.04.

Spartan Delta Company Profile

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. The company operates and focuses its activities on Peace River Arch and Central Alberta.