Spartan Delta Corp. (TSE:SDE – Get Free Report)’s share price reached a new 52-week high during trading on Monday. The company traded as high as C$14.47 and last traded at C$14.45, with a volume of 212,705 shares. The stock had previously closed at C$13.99.
Analysts Set New Price Targets
SDE has been the topic of a number of recent research reports. Desjardins set a C$13.50 target price on Spartan Delta and gave the company a “hold” rating in a research report on Friday, July 17th. Royal Bank Of Canada set a C$17.00 price target on Spartan Delta and gave the company a “moderate buy” rating in a research note on Wednesday, September 23rd. TD raised their price target on Spartan Delta from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Scotiabank raised Spartan Delta to a “strong-buy” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$14.57.
Spartan Delta Stock Performance
The company has a debt-to-equity ratio of 30.41, a quick ratio of 0.66 and a current ratio of 0.73. The stock’s fifty day moving average price is C$13.11 and its 200-day moving average price is C$12.43. The company has a market capitalization of C$2.96 billion, a P/E ratio of 41.29 and a beta of 0.21.
Spartan Delta (TSE:SDE – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.20 EPS for the quarter. The business had revenue of C$166.14 million during the quarter. Spartan Delta had a return on equity of 10.71% and a net margin of 13.77%. As a group, research analysts anticipate that Spartan Delta Corp. will post 0.31 EPS for the current fiscal year.
About Spartan Delta
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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