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

Shares of Spartan Delta Corp. (TSE:SDE) have been given an average rating of “Buy” by the six brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$8.86.

Several brokerages have recently issued reports on SDE. Ventum Financial lifted their price objective on shares of Spartan Delta from C$7.00 to C$9.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. CIBC lifted their target price on Spartan Delta from C$6.25 to C$9.00 in a report on Wednesday, October 15th. Scotiabank upped their target price on Spartan Delta from C$7.50 to C$8.00 in a report on Thursday, October 9th. Desjardins increased their price target on Spartan Delta from C$8.00 to C$8.50 and gave the company a “hold” rating in a research report on Tuesday, January 6th. Finally, BMO Capital Markets upped their price objective on shares of Spartan Delta from C$7.50 to C$9.00 in a research note on Tuesday, January 6th.

Spartan Delta Stock Up 3.8%

SDE opened at C$7.84 on Tuesday. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. The company has a market capitalization of C$1.57 billion, a PE ratio of 39.20 and a beta of 0.22. The stock’s fifty day moving average is C$7.28 and its 200-day moving average is C$5.80. Spartan Delta has a one year low of C$2.39 and a one year high of C$8.08.

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.