Spartan Delta (TSE:SDE – Get Free Report) released its earnings results on Tuesday. The company reported C($0.07) earnings per share for the quarter, FiscalAI reports. The company had revenue of C$136.90 million during the quarter. Spartan Delta had a return on equity of 11.57% and a net margin of 17.79%.
Spartan Delta Stock Down 1.0%
Spartan Delta stock traded down C$0.13 during trading hours on Tuesday, hitting C$13.55. The company had a trading volume of 551,378 shares, compared to its average volume of 725,532. The company has a debt-to-equity ratio of 29.03, a current ratio of 0.87 and a quick ratio of 0.66. The firm has a market capitalization of C$2.74 billion, a P/E ratio of 38.71 and a beta of 0.05. Spartan Delta has a fifty-two week low of C$2.61 and a fifty-two week high of C$14.00. The firm’s fifty day moving average is C$11.79 and its 200-day moving average is C$9.08.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on SDE. TD Securities boosted their price objective on shares of Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Scotiabank boosted their target price on shares of Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Roth Mkm set a C$13.50 price target on shares of Spartan Delta and gave the stock a “buy” rating in a research note on Wednesday, March 4th. BMO Capital Markets boosted their target price on shares of Spartan Delta from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Finally, Desjardins boosted their target price on shares of Spartan Delta from C$9.50 to C$11.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Spartan Delta currently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.09.
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.
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