Scotiabank Issues Positive Forecast for Spartan Delta (TSE:SDE) Stock Price

Spartan Delta (TSE:SDE) had its target price boosted by Scotiabank from C$6.00 to C$7.50 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Several other analysts have also issued reports on the stock. BMO Capital Markets lowered their price target on shares of Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. National Bankshares boosted their target price on shares of Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$5.83.

Spartan Delta Trading Up 1.8 %

TSE:SDE opened at C$3.90 on Thursday. Spartan Delta has a 12 month low of C$2.78 and a 12 month high of C$4.36. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 30.43. The firm’s 50 day moving average is C$3.54 and its 200 day moving average is C$3.69. The stock has a market capitalization of C$675.48 million, a PE ratio of 4.70 and a beta of 1.49.

Spartan Delta (TSE:SDE) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$60.55 million for the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. Sell-side analysts expect that Spartan Delta will post 0.305004 earnings per share for the current year.

About Spartan Delta

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.