Spartan Delta (TSE:SDE) Given New C$6.00 Price Target at BMO Capital Markets

Spartan Delta (TSE:SDEFree Report) had its target price raised by BMO Capital Markets from C$5.50 to C$6.00 in a report released on Thursday morning, BayStreet.CA reports.

A number of other brokerages also recently commented on SDE. ATB Capital decreased their target price on Spartan Delta from C$4.50 to C$4.25 and set a sector perform rating for the company in a report on Tuesday, February 27th. TD Securities cut their target price on shares of Spartan Delta from C$4.50 to C$4.25 and set a buy rating on the stock in a research note on Tuesday, February 27th. Raymond James decreased their price target on shares of Spartan Delta from C$6.50 to C$5.00 and set an outperform rating for the company in a research note on Friday, January 19th. Cormark raised their price objective on shares of Spartan Delta from C$6.50 to C$7.50 in a report on Wednesday. Finally, Desjardins downgraded Spartan Delta from a buy rating to a hold rating and set a C$4.50 target price on the stock. in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from, the stock has an average rating of Moderate Buy and an average price target of C$5.73.

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Spartan Delta Trading Down 3.0 %

Shares of Spartan Delta stock traded down C$0.13 on Thursday, hitting C$4.15. The stock had a trading volume of 168,125 shares, compared to its average volume of 240,144. The company has a quick ratio of 0.66, a current ratio of 0.89 and a debt-to-equity ratio of 18.55. Spartan Delta has a one year low of C$2.63 and a one year high of C$16.66. The stock’s 50-day simple moving average is C$3.77 and its two-hundred day simple moving average is C$3.45. The stock has a market cap of C$718.78 million, a price-to-earnings ratio of 1.09 and a beta of 1.75.

Spartan Delta (TSE:SDEGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.01). The firm had revenue of C$84.15 million for the quarter. Spartan Delta had a net margin of 111.86% and a return on equity of 68.13%. As a group, sell-side analysts predict that Spartan Delta will post 0.3284434 EPS for the current year.

About Spartan Delta

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Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.

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