Spartan Delta Corp. (TSE:SDE) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have received a consensus recommendation of “Strong Buy” from the six analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$6.29.

Several analysts have commented on the stock. National Bank Financial raised shares of Spartan Delta to a “strong-buy” rating in a research report on Thursday, January 30th. National Bankshares boosted their target price on shares of Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. BMO Capital Markets decreased their target price on shares of Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. Scotiabank boosted their target price on shares of Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. Finally, Desjardins raised shares of Spartan Delta to a “moderate buy” rating in a research report on Thursday, January 30th.

Spartan Delta Stock Performance

SDE stock opened at C$2.99 on Tuesday. 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 has a market capitalization of C$598.83 million, a price-to-earnings ratio of 3.73 and a beta of 1.49. Spartan Delta has a 12 month low of C$2.90 and a 12 month high of C$4.36. The firm has a 50 day moving average of C$3.67 and a two-hundred day moving average of C$3.63.

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.