Spartan Delta (DALXF) Expected to Post Quarterly Earnings on Tuesday

Spartan Delta (OTCMKTS:DALXF) is anticipated to post its results after the market closes on Tuesday, November 3rd. Analysts expect Spartan Delta to post earnings of $0.0640 per share and revenue of $135.06 million for the quarter.

Spartan Delta Stock Performance

Shares of Spartan Delta stock opened at $10.54 on Tuesday. The business has a 50 day moving average of $9.55 and a 200 day moving average of $8.52. Spartan Delta has a 52 week low of $4.28 and a 52 week high of $11.52.

Wall Street Analysts Forecast Growth

DALXF has been the topic of several research analyst reports. Scotiabank reiterated an “outperform” rating on shares of Spartan Delta in a research report on Monday, October 19th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Spartan Delta in a report on Friday, October 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Spartan Delta in a research report on Thursday. Finally, Royal Bank Of Canada assumed coverage on Spartan Delta in a report on Wednesday, September 23rd. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Spartan Delta currently has a consensus rating of “Buy”.

Spartan Delta Company Profile

Spartan Delta Corp. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, developing and operating energy assets in the Western Canadian Sedimentary Basin, with an emphasis on natural gas, natural gas liquids and crude oil production.

Spartan Delta’s operations have historically been concentrated in Alberta, including the Deep Basin and other liquids-rich areas. Its activities include drilling and completing wells, operating production infrastructure, and marketing the hydrocarbons produced from its properties.