Spartan Delta Corp. (TSE:SDE) Given Consensus Recommendation of “Buy” by Brokerages

Spartan Delta Corp. (TSE:SDE) has earned a consensus rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$8.86.

Several equities research analysts have commented on SDE shares. BMO Capital Markets upped their price target on Spartan Delta from C$7.50 to C$9.00 in a research note on Tuesday. National Bankshares boosted their target price on Spartan Delta from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a report on Tuesday. Ventum Financial increased their target price on shares of Spartan Delta from C$7.00 to C$9.00 and gave the stock a “buy” rating in a research report on Tuesday. TD Securities raised their price target on shares of Spartan Delta from C$7.50 to C$9.50 and gave the company a “buy” rating in a report on Tuesday. Finally, Scotiabank lifted their price target on shares of Spartan Delta from C$7.50 to C$8.00 in a research report on Thursday, October 9th.

Spartan Delta News Roundup

Here are the key news stories impacting Spartan Delta this week:

• Positive Sentiment: TD Securities raised its price target to C$9.50 and reiterated a “buy” rating, implying ~23.9% upside from C$7.67. BayStreet.CA
• Positive Sentiment: BMO Capital Markets lifted its target to C$9.00, signalling about 17.3% upside versus the current price. BayStreet.CA
• Positive Sentiment: Ventum Financial raised its target to C$9.00 and set a “buy” rating, also implying ~17.3% upside. BayStreet.CA TickerReport
• Positive Sentiment: National Bankshares, Inc. raised its target to C$9.00 and moved to an “outperform” stance, consistent with the group’s bullish shift. BayStreet.CA
• Neutral Sentiment: Desjardins bumped its target modestly to C$8.50 but kept a “hold” rating, indicating limited conviction despite a roughly 10.8% upside projection. BayStreet.CA

Spartan Delta Trading Up 0.7%

Shares of TSE SDE traded up C$0.05 during trading on Tuesday, hitting C$7.63. 1,272,918 shares of the company traded hands, compared to its average volume of 740,860. The firm has a market capitalization of C$1.53 billion, a P/E ratio of 38.15 and a beta of 0.22. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49. The company has a 50-day moving average price of C$7.15 and a 200-day moving average price of C$5.67. Spartan Delta has a 1 year low of C$2.39 and a 1 year high of C$8.08.

About Spartan Delta

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. The company operates and focuses its activities on Peace River Arch and Central Alberta.