Spartan Delta (TSE:SDE) Shares Up 1.7% – Here’s Why

Shares of Spartan Delta Corp. (TSE:SDE) rose 1.7% during mid-day trading on Monday . The stock traded as high as C$7.30 and last traded at C$7.17. Approximately 456,437 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 407,545 shares. The stock had previously closed at C$7.05.

Wall Street Analyst Weigh In

A number of analysts have commented on SDE shares. Desjardins lifted their target price on Spartan Delta from C$7.00 to C$8.00 and gave the stock a “hold” rating in a report on Monday, November 24th. CIBC increased their price objective on Spartan Delta from C$6.25 to C$9.00 in a research report on Wednesday, October 15th. Scotiabank lifted their price objective on Spartan Delta from C$7.50 to C$8.00 in a report on Thursday, October 9th. Finally, TD Securities boosted their target price on Spartan Delta from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Spartan Delta currently has a consensus rating of “Buy” and an average target price of C$7.55.

Spartan Delta Trading Up 1.7%

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 stock has a market capitalization of C$1.44 billion, a PE ratio of 35.85 and a beta of 0.17. The stock has a 50 day moving average price of C$6.80 and a 200-day moving average price of C$5.42.

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.