Spartan Delta Corp. (OTCMKTS:DALXF) Given Average Rating of “Buy” by Brokerages

Spartan Delta Corp. (OTCMKTS:DALXF) has earned an average recommendation of “Buy” from the six research firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation.

Several research firms have issued reports on DALXF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Spartan Delta in a report on Friday, July 31st. Royal Bank Of Canada initiated coverage on Spartan Delta in a research note on Wednesday. They set an “outperform” rating on the stock.

Spartan Delta Trading Down 1.7%

Shares of Spartan Delta stock opened at $8.97 on Wednesday. The company has a 50-day simple moving average of $9.01 and a two-hundred day simple moving average of $8.83. Spartan Delta has a one year low of $3.62 and a one year high of $11.52.

Spartan Delta Company Profile

Spartan Delta Corp. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, developing and operating energy assets in the Western Canadian Sedimentary Basin, with an emphasis on natural gas, natural gas liquids and crude oil production.

Spartan Delta’s operations have historically been concentrated in Alberta, including the Deep Basin and other liquids-rich areas. Its activities include drilling and completing wells, operating production infrastructure, and marketing the hydrocarbons produced from its properties.