Spartan Delta (TSE:SDE) Reaches New 12-Month High – Still a Buy?

Spartan Delta Corp. (TSE:SDE) hit a new 52-week high during mid-day trading on Monday. The stock traded as high as C$14.47 and last traded at C$14.45, with a volume of 212,705 shares trading hands. The stock had previously closed at C$13.99.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Scotiabank raised shares of Spartan Delta to a “strong-buy” rating in a research note on Friday, June 26th. Royal Bank Of Canada set a C$17.00 price objective on Spartan Delta and gave the company a “moderate buy” rating in a research report on Wednesday, September 23rd. TD upped their target price on Spartan Delta from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Desjardins set a C$13.50 target price on Spartan Delta and gave the stock a “hold” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Spartan Delta has a consensus rating of “Buy” and a consensus price target of C$14.57.

Spartan Delta Stock Down 3.7%

The company has a debt-to-equity ratio of 30.41, a quick ratio of 0.66 and a current ratio of 0.73. The stock’s 50-day moving average price is C$13.20 and its two-hundred day moving average price is C$12.46. The stock has a market capitalization of C$2.90 billion, a PE ratio of 40.37 and a beta of 0.21.

Spartan Delta (TSE:SDE) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.20 earnings per share (EPS) for the quarter. Spartan Delta had a net margin of 13.77% and a return on equity of 10.71%. The company had revenue of C$166.14 million during the quarter. As a group, analysts expect that Spartan Delta Corp. will post 0.31 EPS for the current fiscal year.

Spartan Delta Company Profile

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.