BMO Capital Markets Lowers Spartan Delta (TSE:SDE) Price Target to C$5.00

Spartan Delta (TSE:SDE) had its target price lowered by BMO Capital Markets from C$6.00 to C$5.00 in a report issued on Friday,BayStreet.CA reports.

Several other equities research analysts have also weighed in on SDE. Cormark raised Spartan Delta to a “strong-buy” rating in a research note on Monday, September 23rd. National Bankshares decreased their price target on Spartan Delta from C$6.00 to C$5.50 in a research report on Friday, September 27th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Spartan Delta has a consensus rating of “Buy” and a consensus price target of C$5.50.

Spartan Delta Trading Down 2.2 %

Shares of Spartan Delta stock opened at C$3.09 on Friday. The business has a fifty day simple moving average of C$3.46 and a 200-day simple moving average of C$3.80. The firm has a market cap of C$535.19 million, a price-to-earnings ratio of 3.72 and a beta of 1.49. Spartan Delta has a fifty-two week low of C$2.78 and a fifty-two week high of C$4.36. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 30.43.

Spartan Delta (TSE:SDE) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.02 earnings per share for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. The company had revenue of C$60.55 million during the quarter. On average, equities analysts forecast that Spartan Delta will post 0.305004 EPS for the current fiscal 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.