Spartan Delta (SDE) AI Stock Analysis

• Market Cap: C$1.01B
• Dividend Yield: N/A
• Average Volume (3M): 412.41K
• Price to Earnings (P/E): 26.5
• Beta (1Y): 1.23
• Revenue Growth: -0.12%
• EPS Growth: -77.23%
• Country: CA
• Employees: 121
• Sector: Energy
• Sector Strength: 56
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.17
• Shares Outstanding: 200,059,740
• 10 Day Avg. Volume: 300,232
• 30 Day Avg. Volume: 412,412
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: C$6.20
• Price Target Upside: 22.56% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 66 Neutral
• Price Target: C$5.00 ▼(-1.19% Downside)

Spartan Delta's overall score is driven by strong technical indicators and a stable financial position, despite valuation concerns and cash flow challenges. The positive market momentum and solid balance sheet are key strengths, while the high P/E ratio and negative free cash flow are notable risks.

Spartan Delta Business Overview & Revenue Model

Company Description

Spartan Delta Corp (SDE) is a Canadian oil and gas exploration and production company focused on developing and producing oil and natural gas resources primarily in the Western Canadian Sedimentary Basin. The company emphasizes operational efficiency and sustainability, with core operations in the Montney and Deep Basin regions. Spartan Delta is dedicated to leveraging advanced technologies to optimize production and reduce environmental impact, aiming to deliver value to its shareholders while maintaining a commitment to responsible resource management.

How the Company Makes Money

Spartan Delta generates revenue primarily through the exploration, production, and sale of crude oil and natural gas. The company's revenue model is predominantly based on the sale of these commodities to various markets, which can fluctuate based on global oil and gas prices. Key revenue streams include the extraction of hydrocarbons from its operated and non-operated properties, as well as potential revenue from joint ventures and partnerships with other industry players. Spartan Delta may also benefit from cost-sharing agreements and strategic alliances that enhance operational efficiencies and lower production costs, further contributing to its overall earnings.

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.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	323.29M	307.26M	662.36M	1.48B	618.84M	99.71M
Gross Profit	137.66M	158.47M	317.78M	1.10B	449.31M	63.70M
EBITDA	179.60M	165.87M	931.48M	953.50M	475.32M	71.89M
Net Income	37.08M	34.28M	663.11M	681.09M	334.22M	47.66M
Balance Sheet
Total Assets	1.04B	933.14M	819.52M	2.10B	1.74B	331.43M
Cash, Cash Equivalents and Short-Term Investments	194.00K	924.00K	406.00K	124.40M	1.25M	2.69M
Total Debt	87.78M	146.75M	79.71M	190.68M	442.36M	49.77M
Total Liabilities	437.45M	461.72M	389.81M	582.65M	855.76M	193.89M
Stockholders Equity	600.08M	471.43M	429.72M	1.52B	886.65M	137.54M
Cash Flow
Free Cash Flow	-66.13M	12.18M	180.62M	354.75M	-333.18M	-93.82M
Operating Cash Flow	181.15M	174.08M	475.67M	795.37M	279.77M	32.21M
Investing Cash Flow	-222.59M	-240.53M	1.32B	-442.30M	-925.71M	-113.10M
Financing Cash Flow	41.01M	66.95M	-1.92B	-230.14M	644.46M	58.92M

Spartan Delta Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 5.06 is above the 20-day moving average (MA) of 4.86, above the 50-day MA of 4.40, and above the 200-day MA of 3.57, indicating a bullish trend. The MACD of 0.16 indicates Positive momentum. The RSI at 62.41 is Neutral, neither overbought nor oversold. The STOCH value of 40.28 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SDE	66 Neutral	C$1.01B	26.52	6.95%	―	-0.12%	-77.23%
Sector *	65 Neutral	$15.29B	7.24	2.92%	5.33%	4.27%	-62.52%
OBE	―	$405.74M	5.39	-14.03%	―	―	―
ZPTAF	―	$510.40M	13.00	7.20%	7.23%	―	―
TAL	71 Outperform	C$640.10M	5.93	15.19%	11.96%	2.03%	-38.52%
SNM	71 Outperform	C$630.13M	5.33	46.83%	―	78.38%	―
CEI	48 Neutral	C$431.64M	―	-6.69%	―	41.39%	-61.36%

Spartan Delta Corporate Events

Spartan Delta Corp. Reports Strong Q2 2025 Results and Operational Progress

Spartan Delta Corp. announced its second quarter 2025 results, highlighting successful execution of its capital program in the Duvernay and Deep Basin assets. The company drilled and brought several wells on-stream, exceeding internal production expectations and marking significant growth in liquids production. Spartan is on track to meet its 2025 guidance of 40,000 BOE/d, supported by a strong balance sheet and disciplined capital allocation. The company has achieved a 400% increase in Duvernay production over the past year, driven by cost reductions and operational efficiencies. This positions Spartan for continued growth and value delivery to shareholders.

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. 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.