Spartan Delta (TSE:SDE) Releases Earnings Results

by · The Markets Daily

Spartan Delta (TSE:SDE – Get Free Report) issued its earnings results on Tuesday. The company reported C$0.02 earnings per share (EPS) for the quarter, FiscalAI reports. Spartan Delta had a net margin of 13.77% and a return on equity of 10.71%. The company had revenue of C$181.48 million for the quarter.

Spartan Delta Stock Performance

SDE traded down C$0.25 on Tuesday, reaching C$13.06. The company had a trading volume of 677,429 shares, compared to its average volume of 735,670. The stock has a market cap of C$2.68 billion, a P/E ratio of 37.31 and a beta of 0.21. 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 fifty-two week low of C$6.19 and a fifty-two week high of C$15.13. The company’s fifty day moving average is C$13.49 and its 200 day moving average is C$12.00.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SDE. Royal Bank Of Canada set a C$17.00 price target on Spartan Delta and gave the stock a “moderate buy” rating in a research report on Wednesday, September 23rd. TD raised their price objective on Spartan Delta from C$16.00 to C$17.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Desjardins set a C$13.50 price objective on Spartan Delta and gave the company a “hold” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$14.57.

Read Our Latest Research Report on SDE

About Spartan Delta

(Get Free Report)

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.

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