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Spartan Delta (TSE:SDE)
TSX:SDE
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Spartan Delta (SDE) AI Stock Analysis

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TSE:SDE

Spartan Delta

(TSX:SDE)

Rating:72Outperform
Price Target:
C$4.50
▼(-2.60%Downside)
Spartan Delta's overall stock score reflects strong technical indicators and positive corporate developments, offset by valuation concerns and financial performance challenges. The company's operational growth and strategic focus are significant strengths, but profitability and cash management inefficiencies need addressing.

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

Spartan Delta Business Overview & Revenue Model

Company DescriptionSpartan Delta Corp (SDE) is a Canadian energy company primarily engaged in the exploration, development, and production of oil and natural gas. The company operates across several prolific resource plays in Western Canada, focusing on maximizing shareholder value through the acquisition and development of high-quality assets. Spartan Delta is committed to responsible energy development and aims to deliver sustainable growth while minimizing its environmental footprint.
How the Company Makes MoneySpartan Delta Corp generates revenue primarily through the sale of oil and natural gas produced from its exploration and production activities. The company's key revenue streams include the extraction and sale of crude oil, natural gas, and natural gas liquids (NGLs) from its operated assets. Spartan Delta's earnings are influenced by factors such as commodity prices, production volumes, and operational efficiencies. The company may also engage in strategic partnerships and acquisitions to enhance its asset portfolio and drive growth. Additionally, Spartan Delta employs risk management strategies, such as hedging, to stabilize cash flows and mitigate exposure to volatile market conditions.

Spartan Delta Financial Statement Overview

Summary
Spartan Delta demonstrates operational strength with robust gross and EBITDA margins, but faces challenges in consistent revenue growth and net income conversion. Stable balance sheet with low leverage is offset by declining ROE, indicating inefficiencies. Cash flow management issues arise from negative free cash flow growth, impacting liquidity.
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.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue307.26M662.36M1.48B618.84M99.71M
Gross Profit158.47M317.78M1.10B449.31M63.70M
EBITDA165.87M931.48M953.50M475.32M71.89M
Net Income34.28M663.11M681.09M334.22M47.66M
Balance Sheet
Total Assets933.14M819.52M2.10B1.74B331.43M
Cash, Cash Equivalents and Short-Term Investments924.00K406.00K124.40M1.25M2.69M
Total Debt146.75M79.71M190.68M442.36M49.77M
Total Liabilities461.72M389.81M582.65M855.76M193.89M
Stockholders Equity471.43M429.72M1.52B886.65M137.54M
Cash Flow
Free Cash Flow12.18M180.62M354.75M-333.18M-93.82M
Operating Cash Flow174.08M475.67M795.37M279.77M32.21M
Investing Cash Flow-240.53M1.32B-442.30M-925.71M-113.10M
Financing Cash Flow66.95M-1.92B-230.14M644.46M58.92M

Spartan Delta Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4.62
Price Trends
50DMA
3.72
Positive
100DMA
3.34
Positive
200DMA
3.44
Positive
Market Momentum
MACD
0.27
Negative
RSI
80.56
Negative
STOCH
85.69
Negative
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 4.62 is above the 20-day moving average (MA) of 4.23, above the 50-day MA of 3.72, and above the 200-day MA of 3.44, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 80.56 is Negative, neither overbought nor oversold. The STOCH value of 85.69 is Negative, 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 (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
C$631.07M4.7718.60%20.66%11.68%-30.95%
73
Outperform
C$644.45M5.7343.82%104.07%
72
Outperform
$924.28M43.503.68%-27.80%-96.88%
67
Neutral
$15.23B9.436.27%5.39%4.07%-71.82%
52
Neutral
C$700.87M-5.48%7.35%-2.37%-421.59%
50
Neutral
C$540.55M5.64-12.88%11.92%-304.98%
48
Neutral
C$431.62M-6.69%41.39%-61.36%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SDE
Spartan Delta
4.83
0.81
20.15%
TSE:OBE
Obsidian Energy
8.09
-2.03
-20.06%
TSE:SGY
Surge Energy
7.18
0.83
13.11%
TSE:TAL
PetroTal Corp
0.70
0.04
6.06%
TSE:SNM
ShaMaran Petroleum
0.22
0.15
214.29%
TSE:CEI
Coelacanth Energy, Inc.
0.81
0.05
6.58%

Spartan Delta Corporate Events

Business Operations and StrategyFinancial Disclosures
Spartan Delta Corp. Reports Strong First Half of 2025 with Growth in Production
Positive
Jul 7, 2025

Spartan Delta Corp. has announced an operations update for the first half of 2025, highlighting significant growth in corporate liquids production and Free Funds Flow generation from its liquid-rich natural gas asset in the Deep Basin. The company successfully drilled and brought on-stream several wells, with production estimates reaching approximately 40,000 BOE/d. The Duvernay asset continues to outperform expectations, and the company has expanded its acreage significantly. Spartan’s operations in the Deep Basin also met internal expectations, with plans to potentially increase capital investment in the second half of 2025 to capitalize on favorable natural gas prices.

The most recent analyst rating on (TSE:SDE) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Spartan Delta stock, see the TSE:SDE Stock Forecast page.

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: Jul 08, 2025