Spartan Delta Corp. (TSE:SDE) Given Average Rating of “Strong Buy” by Brokerages

Shares of Spartan Delta Corp. (TSE:SDE) have received a consensus rating of “Strong Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$5.63.

A number of equities analysts have recently issued reports on SDE shares. Ventum Cap Mkts upgraded shares of Spartan Delta to a “strong-buy” rating in a research report on Monday, March 31st. Ventum Financial set a C$5.25 target price on shares of Spartan Delta and gave the stock a “buy” rating in a research report on Monday, March 31st. Finally, CIBC lowered their target price on shares of Spartan Delta from C$7.00 to C$5.00 in a research report on Thursday, April 10th.

Insider Buying and Selling

In related news, Senior Officer Martin Malek purchased 17,700 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The stock was purchased at an average cost of C$2.83 per share, with a total value of C$50,091.00. Corporate insiders own 12.43% of the company’s stock.

Spartan Delta Stock Performance

Shares of SDE opened at C$3.80 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. The firm has a market cap of C$761.05 million, a PE ratio of 4.74 and a beta of 1.49. The company’s 50 day simple moving average is C$3.18 and its 200-day simple moving average is C$3.31. Spartan Delta has a 12-month low of C$2.39 and a 12-month high of C$4.29.

About Spartan Delta

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. The company operates and focuses its activities on Peace River Arch and Central Alberta.