Spartan Delta (SDE) AI Stock Analysis

• Market Cap: C$2.64B
• Dividend Yield: N/A
• Average Volume (3M): 481.56K
• Price to Earnings (P/E): 20.5
• Beta (1Y): 0.93
• Revenue Growth: 17.31%
• EPS Growth: -75.56%
• Country: CA
• Employees: 121
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.18
• Shares Outstanding: 200,514,000
• 10 Day Avg. Volume: 420,519
• 30 Day Avg. Volume: 481,563
• PEG Ratio: 0.27
• Price to Book (P/B): 2.21
• Price to Sales (P/S): 3.88
• P/FCF Ratio: -14.88
• 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$11.34
• Price Target Upside: -14.06% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 0.53
• Revenue Forecast (FY): C$611.50M

• Rating: 62 Neutral
• Price Target: C$14.00 ▲(6.14% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is driven primarily by mixed financial performance—strong operating cash flow and a solid balance sheet are offset by volatile results and notably negative 2025 free cash flow. Technicals are supportive with a strong uptrend, but overbought signals temper that strength. Valuation is a headwind given the elevated P/E and lack of a provided dividend yield.

Positive Factors

Operating cash generation

Sustained operating cash flow of roughly $220M in 2025 demonstrates durable cash generation from core operations. That level of cash flow supports capital expenditure funding, debt servicing and investment optionality over multiple commodity cycles, underpinning long-term financial resilience.

Negative Factors

Negative free cash flow in 2025

A large negative FCF in 2025 erodes liquidity and limits flexibility even with strong operating cash flow. Persistent negative FCF forces reliance on debt or equity to fund capex and growth, increasing financing risk and constraining shareholder returns until investment levels or cash conversion improve.

Spartan Delta Business Overview & Revenue Model

Company Description

Spartan 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 Decem...

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Spartan 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 Decem...

How the Company Makes Money

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Spartan Delta Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	369.97M	307.26M	662.36M	1.48B	618.84M
Gross Profit	82.27M	158.47M	317.78M	1.10B	449.31M
EBITDA	200.98M	165.87M	939.96M	953.50M	475.32M
Net Income	70.02M	34.28M	663.11M	681.09M	334.22M
Balance Sheet
Total Assets	1.17B	933.14M	819.52M	2.10B	1.74B
Cash, Cash Equivalents and Short-Term Investments	151.12M	924.00K	406.00K	124.40M	1.25M
Total Debt	188.27M	146.75M	79.71M	190.68M	442.36M
Total Liabilities	524.68M	461.72M	389.81M	582.65M	855.76M
Stockholders Equity	648.63M	471.43M	429.72M	1.52B	886.65M
Cash Flow
Free Cash Flow	-96.47M	12.18M	180.62M	354.75M	-333.18M
Operating Cash Flow	220.41M	174.08M	475.67M	795.37M	279.77M
Investing Cash Flow	-343.34M	-240.53M	1.32B	-442.30M	-925.71M
Financing Cash Flow	122.31M	66.95M	-1.92B	-230.14M	644.46M

Spartan Delta Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.19
• 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 13.19 is above the 20-day moving average (MA) of 11.58, above the 50-day MA of 10.31, and above the 200-day MA of 6.84, indicating a bullish trend. The MACD of 0.74 indicates Negative momentum. The RSI at 81.46 is Negative, neither overbought nor oversold. The STOCH value of 91.67 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
HWX	82 Outperform	C$3.14B	14.55	20.71%	4.58%	6.44%	-6.74%
CJ	70 Outperform	C$1.96B	-11.67	8.46%	8.25%	-9.30%	-26.09%
KEL	66 Neutral	C$1.88B	24.19	5.65%	―	9.92%	2.74%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SDE	62 Neutral	C$2.64B	20.51	11.57%	―	17.31%	-75.56%
BIR	61 Neutral	C$2.16B	31.40	2.90%	1.59%	-9.76%	374.65%
AAV	54 Neutral	C$1.99B	36.95	3.19%	―	27.84%	28.87%

Spartan Delta Corporate Events