Spartan Delta (TSE:SDE) Cut to “Hold” at Desjardins

Desjardins cut shares of Spartan Delta (TSE:SDE) from a buy rating to a hold rating in a research note released on Tuesday morning, Marketbeat reports. They currently have C$5.75 price objective on the stock.

Spartan Delta Stock Performance

TSE SDE opened at C$4.96 on Tuesday. The business has a 50 day moving average price of C$4.50 and a 200 day moving average price of C$3.61. The company has a market capitalization of C$993.37 million, a P/E ratio of 6.19 and a beta of 1.49. Spartan Delta has a 1-year low of C$2.39 and a 1-year high of C$5.20. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66.

Spartan Delta Company Profile

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.