Spartan Delta reported quarterly EPS of C$0.02, below the C$0.03 estimate. The miss adds to a mixed earnings record, and analysts have lowered their estimate for next quarter.
Spartan Delta Corp. (TSX: SDE) reported results after market close on November 3 for the quarter ended September 30, 2026. EPS came in at C$0.02, 33.3% below the C$0.03 estimate. The company beat estimates by 33.3% in the previous quarter, but reported a loss in the quarter before that. It has beaten estimates in two of its last four reported quarters.
Recent earnings trend
Spartan Delta Corp
SDE.TO
SDE.TO
Spartan Delta Corp
WealthAwesomeMarket cap
$2.30B
P/E
32.8x
52W high
$15.13
52W low
$6.71
1W change
-23.09%
Beta
0.65
Analyst Price Targets
Based on analyst covering SDE · as of Nov 9, 2026
Wall Street analysts forecast SDE stock price to rise 56.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$17.44
+56.3% Upside
Previously C$17.27 on Nov 5, 2026
Current Price
C$11.16
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on SDE's historical volatility
30-Day Vol
54.6%
Annualized
90-Day Vol
48.7%
Annualized
Trend (90d)
-37.8%
Annualized drift
90d Mean
C$9.75
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$10.67 | C$8.84 – C$12.88 |
| 60 trading days | C$10.20 | C$7.82 – C$13.31 |
| 90 trading days | C$9.75 | C$7.04 – C$13.51 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-02-22 | — | 0.4400 | — |
| 2026-09-30 | 2026-11-03 | 0.0200 | 0.0300 | -33.3% |
| 2026-06-30 | 2026-07-29 | 0.2000 | 0.1500 | +33.3% |
| 2026-03-31 | 2026-05-05 | -0.0700 | 0.0500 | -240.0% |
| 2025-12-31 | 2026-02-23 | 0.1800 | 0.0900 | +100.0% |
| 2025-09-30 | 2025-11-04 | 0.0300 | 0.0400 | -25.0% |
Spartan Delta produces oil and natural gas in Western Canada’s Duvernay and Deep Basin plays. Its results can shift with the economics of upstream production. The figures provided don’t include quarterly revenue or margins.
Investor takeaway: The miss is small in dollar terms, but recent EPS has varied widely, from a C$0.07 loss to C$0.20 over the last four reported quarters. One analyst estimates next-quarter EPS of C$0.21, down from C$0.25 30 days ago. With only one analyst contributing, that estimate offers a limited view of expectations. SDE.TO closed at C$11.16 on November 6, below its 50-day and 200-day moving averages. You can review the Spartan Delta stock page, along with the analyst-target and model sections below.
C$0.02 EPS versus C$0.03 expected
Spartan Delta’s EPS was 33.3% below the estimate for the quarter ended September 30. Across its last four reported quarters, the company had two beats, one miss, and one loss-making quarter. The earnings trend table and chart below show the results quarter by quarter.
Bull case
Spartan Delta gives investors exposure to oil and gas production in Western Canada, including the Duvernay and Deep Basin. The next-quarter EPS estimate remains well above the year-ago figure of C$0.03, though the current C$0.21 estimate comes from one analyst and has fallen over the past month. The company beat estimates in two of its last four quarters. Company coverage also notes its focus on increasing light-oil and condensate volumes.
Bear case
Spartan Delta missed the latest EPS estimate, and its recent results include a loss and sharp quarter-to-quarter swings. The next-quarter estimate has dropped from C$0.25 to C$0.21. The share price has also declined recently and sits below both moving averages, pointing to weak momentum in the available data. Oil and gas producers face changes in commodity prices and operating conditions. The figures provided don’t include quarterly revenue, production, or margins, so they offer limited detail on those factors.
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