Spartan Delta (TSE:SDE) Stock Price Expected to Rise, National Bank Financial Analyst Says

Spartan Delta (TSE:SDE) had its price objective lifted by equities research analysts at National Bank Financial from C$15.50 to C$16.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 21.03% from the company’s current price.

SDE has been the topic of several other research reports. 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. Ventum Capital lifted their price target on shares of Spartan Delta from C$14.50 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday. ATB Cormark Capital Markets raised shares of Spartan Delta from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$13.25 to C$17.00 in a research report on Wednesday. Scotiabank boosted their target price on shares of Spartan Delta from C$8.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. 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 research report on Tuesday, February 24th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$13.52.

Spartan Delta Trading Down 2.4%

Shares of SDE traded down C$0.33 during mid-day trading on Wednesday, reaching C$13.22. The company had a trading volume of 608,837 shares, compared to its average volume of 723,895. The stock has a market cap of C$2.68 billion, a price-to-earnings ratio of 37.77 and a beta of 0.05. The firm has a fifty day simple moving average of C$11.86 and a 200-day simple moving average of C$9.14. Spartan Delta has a fifty-two week low of C$2.61 and a fifty-two week high of C$14.00. The company has a current ratio of 0.87, a quick ratio of 0.66 and a debt-to-equity ratio of 29.03.

Spartan Delta (TSE:SDE) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C($0.07) earnings per share for the quarter. The company had revenue of C$136.90 million during the quarter. Spartan Delta had a net margin of 17.79% and a return on equity of 11.57%. On average, sell-side analysts anticipate that Spartan Delta will post 0.305004 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.