Spartan Delta (TSE:SDE) Stock Gets Price Target Cut from TD

Spartan Delta (TSE:SDE) had its price target trimmed by TD from C$17.00 to C$16.00 in a research report released on Wednesday,BayStreet reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently issued reports on the company. Royal Bank Of Canada set a C$17.00 target price on Spartan Delta and gave the company a “moderate buy” rating in a report on Wednesday, September 23rd. Desjardins set a C$13.50 price target on Spartan Delta and gave the stock a “hold” rating in a report on Friday, July 17th. One investment 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. Based on data from MarketBeat.com, Spartan Delta presently has an average rating of “Buy” and an average price target of C$14.48.

Spartan Delta Price Performance

SDE traded down C$0.32 during trading on Wednesday, reaching C$11.16. The company’s stock had a trading volume of 1,999,549 shares, compared to its average volume of 754,146. The company has a market cap of C$2.30 billion, a price-to-earnings ratio of 32.82 and a beta of 0.39. The firm has a fifty day simple moving average of C$13.39 and a two-hundred day simple moving average of C$12.07. Spartan Delta has a 1 year low of C$6.48 and a 1 year high of C$15.13. The company has a quick ratio of 0.66, a current ratio of 0.68 and a debt-to-equity ratio of 36.53.

Spartan Delta (TSE:SDE) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported C$0.02 earnings per share (EPS) for the quarter. Spartan Delta had a return on equity of 10.02% and a net margin of 11.31%. The business had revenue of C$181.48 million during the quarter. As a group, analysts anticipate that Spartan Delta will post 0.31 EPS for the current year.

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.