Spartan Delta (TSE:SDE) PT Set at C$17.00 by Royal Bank Of Canada

Spartan Delta (TSE:SDE) received a C$17.00 price objective from stock analysts at Royal Bank Of Canada in a report released on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 31.48% from the stock’s previous close.

A number of other analysts have also weighed in on the company. TD raised their target price on Spartan Delta from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Desjardins set a C$13.50 price objective on shares of Spartan Delta and gave the company a “hold” rating in a research report on Friday, July 17th. Finally, Scotiabank raised shares of Spartan Delta to a “strong-buy” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$14.10.

Spartan Delta Price Performance

Shares of TSE SDE traded up C$0.34 during mid-day trading on Wednesday, hitting C$12.93. 257,711 shares of the stock were exchanged, compared to its average volume of 752,061. The company has a market cap of C$2.65 billion, a P/E ratio of 36.94 and a beta of 0.24. The stock’s fifty day simple moving average is C$12.51 and its two-hundred day simple moving average is C$12.25. The company has a debt-to-equity ratio of 30.41, a quick ratio of 0.66 and a current ratio of 0.73. Spartan Delta has a twelve month low of C$5.24 and a twelve month high of C$14.40.

Spartan Delta (TSE:SDE) last announced its earnings results on Wednesday, July 29th. The company reported C$0.20 EPS for the quarter. Spartan Delta had a return on equity of 10.71% and a net margin of 13.77%.The business had revenue of C$166.14 million for the quarter. As a group, analysts forecast that Spartan Delta will post 0.305004 EPS for the current fiscal year.

About Spartan Delta

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.