Cormark upgraded shares of Spartan Delta (TSE:SDE – Free Report) from a moderate buy rating to a strong-buy rating in a research note issued to investors on Friday morning, Zacks.com reports.
SDE has been the subject of several other research reports. Desjardins downgraded shares of Spartan Delta from a buy rating to a hold rating and set a C$4.50 target price for the company. in a report on Tuesday, April 23rd. TD Securities reduced their price target on shares of Spartan Delta from C$4.50 to C$4.25 and set a buy rating for the company in a research report on Tuesday, February 27th. CIBC raised shares of Spartan Delta from a neutral rating to an outperform rating and upped their target price for the company from C$4.00 to C$6.00 in a report on Thursday, May 9th. National Bankshares boosted their price target on shares of Spartan Delta from C$5.50 to C$6.00 and gave the stock an outperform rating in a research note on Friday. Finally, BMO Capital Markets boosted their price target on shares of Spartan Delta from C$5.50 to C$6.00 in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Spartan Delta currently has a consensus rating of Buy and an average target price of C$5.77.
View Our Latest Stock Analysis on Spartan Delta
Spartan Delta Trading Up 1.3 %
Spartan Delta (TSE:SDE – Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.01). The firm had revenue of C$84.15 million during the quarter. Spartan Delta had a return on equity of 68.13% and a net margin of 111.86%. Equities research analysts predict that Spartan Delta will post 0.3284434 EPS for the current year.
Spartan Delta Company Profile
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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