Spartan Delta (SDE) AI Stock Analysis

• Market Cap: $924.28M
• Dividend Yield: N/A
• Average Volume (3M): 457.32K
• Price to Earnings (P/E): 43.5
• Beta (1Y): 1.16
• Revenue Growth: -27.80%
• EPS Growth: -96.88%
• Country: CA
• Employees: 121
• Sector: Energy
• Sector Strength: 45
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.03
• Shares Outstanding: 200,059,740
• 10 Day Avg. Volume: 427,598
• 30 Day Avg. Volume: 457,316
• PEG Ratio: -0.94
• Price to Book (P/B): 1.50
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -215.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $6.09
• Price Target Upside: 31.91% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 72 Outperform
• 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 Business Overview & Revenue Model

Company Description

Spartan 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 Money

Spartan 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

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	307.26M	662.36M	1.48B	618.84M	99.71M
Gross Profit	158.47M	317.78M	1.10B	449.31M	63.70M
EBITDA	165.87M	931.48M	953.50M	475.32M	71.89M
Net Income	34.28M	663.11M	681.09M	334.22M	47.66M
Balance Sheet
Total Assets	933.14M	819.52M	2.10B	1.74B	331.43M
Cash, Cash Equivalents and Short-Term Investments	924.00K	406.00K	124.40M	1.25M	2.69M
Total Debt	146.75M	79.71M	190.68M	442.36M	49.77M
Total Liabilities	461.72M	389.81M	582.65M	855.76M	193.89M
Stockholders Equity	471.43M	429.72M	1.52B	886.65M	137.54M
Cash Flow
Free Cash Flow	12.18M	180.62M	354.75M	-333.18M	-93.82M
Operating Cash Flow	174.08M	475.67M	795.37M	279.77M	32.21M
Investing Cash Flow	-240.53M	1.32B	-442.30M	-925.71M	-113.10M
Financing Cash Flow	66.95M	-1.92B	-230.14M	644.46M	58.92M

Spartan Delta Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.62
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TAL	74 Outperform	C$631.07M	4.77	18.60%	20.66%	11.68%	-30.95%
SNM	73 Outperform	C$644.45M	5.73	43.82%	―	104.07%	―
SDE	72 Outperform	$924.28M	43.50	3.68%	―	-27.80%	-96.88%
Sector *	67 Neutral	$15.23B	9.43	6.27%	5.39%	4.07%	-71.82%
SGY	52 Neutral	C$700.87M	―	-5.48%	7.35%	-2.37%	-421.59%
OBE	50 Neutral	C$540.55M	5.64	-12.88%	―	11.92%	-304.98%
CEI	48 Neutral	C$431.62M	―	-6.69%	―	41.39%	-61.36%

Spartan Delta Corporate Events

Spartan Delta Corp. Reports Strong First Half of 2025 with Growth in Production

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.

Spartan Delta Corp. Announces Successful Shareholder Meeting and Strategic Focus

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.

Spartan Delta Corp. Reports Strong First Quarter 2025 Results Amid Operational Growth

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.