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Spartan Delta (TSE:SDE)
TSX:SDE

Spartan Delta (SDE) AI Stock Analysis

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Spartan Delta

(TSX:SDE)

Rating:65Neutral
Price Target:
C$4.00
▲(5.26%Upside)
Spartan Delta's overall stock score is influenced by solid operational and financial performance, despite challenges in profitability and cash management. The technical analysis shows strong momentum but suggests caution due to overbought signals. The company's strategic initiatives and strong operational results in recent corporate events provide an optimistic outlook. However, its high P/E ratio and lack of dividend yield present valuation concerns.

Spartan Delta (SDE) vs. iShares MSCI Canada ETF (EWC)

Spartan Delta Business Overview & Revenue Model

Company DescriptionSpartan Delta Corp. engages in the exploration, development, and production of petroleum and natural gas properties in the Western Canada. It also owns and operates oil and gas properties in Alberta, Saskatchewan, and British Columbia. As of December 31, 2021, company owned total proved plus probable reserves of 545,734 thousand barrels of oil equivalent. The company was formerly known as Return Energy Inc. and changed its name to Spartan Delta Corp. in May 2020. Spartan Delta Corp. was incorporated in 2006 and is headquartered in Calgary, Canada.
How the Company Makes MoneySpartan Delta makes money through the extraction and sale of oil and natural gas. The company's key revenue streams include the sale of crude oil, natural gas, and natural gas liquids. Spartan Delta generates income by developing and operating oil and gas properties, leveraging its expertise in resource exploration and production. The company may also engage in strategic partnerships or joint ventures to enhance its operational capabilities and expand its asset base, contributing to its earnings. Market conditions, such as commodity prices and demand fluctuations, significantly impact Spartan Delta's revenue.

Spartan Delta Financial Statement Overview

Summary
Spartan Delta demonstrates operational strength with high gross and EBITDA margins, yet faces challenges in maintaining consistent revenue growth and net income conversion. The balance sheet is stable with low leverage, but declining ROE signals potential inefficiencies. Cash flow management requires attention due to negative free cash flow growth, impacting liquidity. Overall, while the company has strengths in operational efficiency and financial stability, it must address issues in profitability and cash management to enhance its financial position.
Income Statement
68
Positive
Spartan Delta's income statement shows robust gross profit and EBITDA margins for the TTM, indicating efficient operations. However, the net profit margin has decreased significantly over the years, reflecting challenges in converting revenue into net income. Revenue growth has been volatile, with recent declines, suggesting instability in market conditions or operational challenges.
Balance Sheet
72
Positive
The balance sheet reflects a solid equity ratio, indicating financial stability. The debt-to-equity ratio is relatively low, which signifies conservative leverage. However, the return on equity has decreased sharply, suggesting a decline in efficiency in generating returns for shareholders.
Cash Flow
65
Positive
The cash flow statement reveals a decrease in free cash flow, highlighting potential liquidity concerns. The operating cash flow to net income ratio remains strong, indicating good earnings quality. Nevertheless, negative free cash flow growth rate raises flags about cash management and capital expenditure efficiency.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue298.54M307.26M662.36M1.48B618.84M99.71M
Gross Profit104.56M158.47M317.78M1.10B449.31M63.70M
EBITDA148.79M165.87M931.48M953.50M475.32M71.89M
Net Income17.92M34.28M663.11M681.09M334.22M47.66M
Balance Sheet
Total Assets972.55M933.14M819.52M2.10B1.74B331.43M
Cash, Cash Equivalents and Short-Term Investments522.00K924.00K406.00K124.40M1.25M2.69M
Total Debt46.55M146.75M79.71M190.68M442.36M49.77M
Total Liabilities409.40M461.72M389.81M582.65M855.76M193.89M
Stockholders Equity563.15M471.43M429.72M1.52B886.65M137.54M
Cash Flow
Free Cash Flow-4.11M12.18M180.62M354.75M-333.18M-93.82M
Operating Cash Flow182.19M174.08M475.67M795.37M279.77M32.21M
Investing Cash Flow-239.57M-240.53M1.32B-442.30M-925.71M-113.10M
Financing Cash Flow57.69M66.95M-1.92B-230.14M644.46M58.92M

Spartan Delta Technical Analysis

Technical Analysis Sentiment
Positive
Last Price3.80
Price Trends
50DMA
3.22
Positive
100DMA
3.21
Positive
200DMA
3.40
Positive
Market Momentum
MACD
0.17
Positive
RSI
65.87
Neutral
STOCH
42.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SDE, the sentiment is Positive. The current price of 3.8 is above the 20-day moving average (MA) of 3.72, above the 50-day MA of 3.22, and above the 200-day MA of 3.40, indicating a bullish trend. The MACD of 0.17 indicates Positive momentum. The RSI at 65.87 is Neutral, neither overbought nor oversold. The STOCH value of 42.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SDE.

Spartan Delta Peers Comparison

Overall Rating
UnderperformOutperform
Sector (52)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSSDE
65
Neutral
$766.23M35.783.68%-27.80%-96.88%
52
Neutral
C$2.91B-1.09-3.26%6.12%5.32%-43.41%
OBOBE
$400.71M5.39-12.88%
$444.43M-5.48%8.44%
TSSNM
76
Outperform
C$658.77M5.4743.82%104.07%
TSTAL
74
Outperform
C$631.07M4.7718.60%12.12%11.68%-30.95%
TSCEI
54
Neutral
C$446.36M-6.69%41.39%-61.36%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SDE
Spartan Delta
3.80
-0.29
-7.09%
OBE
Obsidian Energy
5.85
-1.76
-23.13%
ZPTAF
Surge Energy
4.53
-0.23
-4.83%
TSE:TAL
PetroTal Corp
0.68
0.03
4.62%
TSE:SNM
ShaMaran Petroleum
0.22
0.14
175.00%
TSE:CEI
Coelacanth Energy, Inc.
0.83
0.06
7.79%

Spartan Delta Corporate Events

Shareholder MeetingsBusiness Operations and Strategy
Spartan Delta Corp. Announces Successful Shareholder Meeting and Strategic Focus
Positive
May 24, 2025

Spartan Delta Corp. announced that all resolutions were approved at their recent annual general and special meeting of shareholders, with approximately 60.93% of common shares represented. The election of six directors was confirmed, supporting Spartan’s strategic focus on optimizing and expanding its assets in the Deep Basin and Duvernay, which is expected to enhance its market positioning and stakeholder value.

The most recent analyst rating on (TSE:SDE) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Spartan Delta stock, see the TSE:SDE Stock Forecast page.

Private Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
Spartan Delta Corp. Reports Strong First Quarter 2025 Results Amid Operational Growth
Positive
May 6, 2025

Spartan Delta Corp. reported its first quarter 2025 results, highlighting significant operational achievements and financial metrics. The company drilled and completed several wells in the Deep Basin and Duvernay, with production exceeding expectations. An upsized equity financing raised $97.8 million, enhancing liquidity for further development. Despite a net loss, Spartan achieved a 196% increase in crude oil production compared to the previous year, and maintained a strong financial position with a net debt to annualized adjusted funds flow ratio of 0.4x.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 14, 2025