Brokerage Firms Set Spartan Delta Corp. (TSE:SDE) Price Target at C$5.61

As of October 28, 2024, shares of Spartan Delta Corp. (TSE:SDE – Get Free Report) have received an overall average recommendation of "Buy" from ten different ratings firms monitoring the stock, according to MarketBeat Ratings. Out of these, one analyst has assigned a hold rating, while seven analysts have provided a buy rating and two have designated a strong buy rating for the company. The average price target over the next twelve months set by brokers who have rated the stock in the past year stands at C$5.61.

Recent reports from various equities analysts shed light on their views regarding SDE shares. For instance, National Bankshares revised its price target for Spartan Delta, lowering it from C$6.00 to C$5.50 in a research note dated September 27th. Conversely, Cormark took a more optimistic stance, upgrading Spartan Delta to a "strong-buy" rating as of September 23rd. In other developments, CIBC increased its price target for Spartan Delta from C$6.00 to C$7.00 in a report released on July 15th. Additionally, Desjardins lifted their recommendation for Spartan Delta from a "hold" to a "buy" and raised their price target from C$4.75 to C$5.00 in a note dated August 12th.

Spartan Delta Stock Market Metrics

The trading session on Wednesday found SDE shares opening at C$3.65. The stock’s 50-day simple moving average is recorded at C$3.78, with a 200-day simple moving average at C$3.95. Spartan Delta's market capitalization is currently around C$632.18 million, with a price-to-earnings ratio of 4.40 and a beta of 1.49. The company experienced a 12-month low at C$2.63 and a high at C$4.52. Financial ratios for Spartan Delta include a current ratio of 0.93, a quick ratio of 0.66, and a debt-to-equity ratio of 30.43.

Most recently, Spartan Delta Corp. shared its quarterly earnings data on August 7th, showcasing an earnings per share (EPS) of C$0.09. The firm reported a net margin of 50.10% and a return on equity of 37.82%. The quarterly revenue was reported at C$73.45 million. Analysts forecast that Spartan Delta is expected to yield an EPS of approximately 0.305004 for the current financial year.

Insider Trading Activities

In terms of insider trading, Senior Officer Ojay Platt sold 16,333 shares in a transaction dated August 13th, with the shares sold at an average price of C$4.00, amounting to a total of C$65,332.00. On a related note, Senior Officer Martin Malek purchased 12,000 shares of the company on September 13th, at an average price of C$3.80, contributing to a total transaction value of C$45,600.00. At present, insiders own approximately 12.43% of Spartan Delta's total stock.

Overview of Spartan Delta Corp.

Spartan Delta Corp. is actively involved in the exploration, development, and production of oil and natural gas reserves situated in Western Canada. The company's assets are primarily located in the Montney and Deep Basin regions. Initially founded as Return Energy Inc., the company rebranded to Spartan Delta Corp. in May 2020 and has been incorporated since 2006, with its headquarters based in Calgary, Canada.

Brokerage, Stocks, Recommendation