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

Shares of Spartan Delta Corp. (TSE:SDE) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$11.09.

SDE has been the topic of a number of analyst reports. Roth Mkm set a C$13.50 target price on shares of Spartan Delta and gave the company a “buy” rating in a report on Wednesday, March 4th. TD Securities raised their price target on Spartan Delta from C$9.50 to C$12.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Desjardins lifted their price target on Spartan Delta from C$9.50 to C$11.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. Ventum Financial boosted their price objective on Spartan Delta from C$10.50 to C$12.25 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, National Bank Financial increased 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.

Spartan Delta Stock Down 1.1%

SDE opened at C$12.08 on Friday. The company has a 50 day moving average of C$9.88 and a 200 day moving average of C$7.62. The company has a market cap of C$2.42 billion, a PE ratio of 34.51 and a beta of 0.31. Spartan Delta has a 12 month low of C$2.39 and a 12 month high of C$12.51. The company has a current ratio of 0.87, a quick ratio of 0.66 and a debt-to-equity ratio of 29.03.

Spartan Delta Company Profile

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.