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

Shares of Spartan Delta Corp. (TSE:SDE) have been given an average recommendation of “Buy” by the six ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$9.50.

Several research firms have recently weighed in on SDE. Ventum Financial boosted their price target on Spartan Delta from C$9.00 to C$10.50 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. National Bankshares lifted their price objective on Spartan Delta from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Desjardins boosted their target price on Spartan Delta from C$8.00 to C$8.50 and gave the stock a “hold” rating in a research report on Tuesday, January 6th. CIBC raised their price target on shares of Spartan Delta from C$6.25 to C$9.00 in a report on Wednesday, October 15th. Finally, BMO Capital Markets lifted their price target on shares of Spartan Delta from C$7.50 to C$9.00 in a research note on Tuesday, January 6th.

Spartan Delta Trading Up 1.6%

TSE:SDE opened at C$9.47 on Friday. The stock has a market cap of C$1.90 billion, a price-to-earnings ratio of 47.35 and a beta of 0.45. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49. The company’s 50 day moving average price is C$7.82 and its 200-day moving average price is C$6.34. Spartan Delta has a 52 week low of C$2.39 and a 52 week high of C$9.62.

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.