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

Spartan Delta Corp. (TSE:SDE) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$13.52.

A number of equities analysts recently issued reports on SDE shares. ATB Cormark Capital Markets upgraded Spartan Delta from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$13.25 to C$17.00 in a report on Wednesday, May 6th. Ventum Capital increased their target price on Spartan Delta from C$14.50 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Roth Mkm set a C$13.50 price target on Spartan Delta and gave the company a “buy” rating in a research report on Wednesday, March 4th. TD increased their price target on Spartan Delta from C$14.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, National Bank Financial increased their price target on Spartan Delta from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th.

Insiders Place Their Bets

In related news, insider Robert John Day sold 6,191 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of C$11.91, for a total value of C$73,734.81. Following the completion of the sale, the insider directly owned 90,284 shares of the company’s stock, valued at approximately C$1,075,282.44. This represents a 6.42% decrease in their position. Also, insider Ojay Platt sold 5,582 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$13.04, for a total value of C$72,789.28. Following the completion of the sale, the insider directly owned 122,307 shares of the company’s stock, valued at C$1,594,883.28. The trade was a 4.36% decrease in their ownership of the stock. Insiders sold a total of 14,163 shares of company stock valued at $177,690 over the last three months. 12.43% of the stock is currently owned by insiders.

Spartan Delta Price Performance

Shares of SDE opened at C$11.30 on Tuesday. Spartan Delta has a 12-month low of C$3.67 and a 12-month high of C$14.40. The business’s fifty day moving average is C$12.40 and its 200 day moving average is C$10.65. The company has a quick ratio of 0.66, a current ratio of 0.58 and a debt-to-equity ratio of 39.96. The stock has a market cap of C$2.29 billion, a P/E ratio of 36.45 and a beta of -0.01.

Spartan Delta (TSE:SDE) last issued its earnings results on Tuesday, May 5th. The company reported C($0.07) earnings per share (EPS) for the quarter. Spartan Delta had a return on equity of 9.84% and a net margin of 14.14%.The firm had revenue of C$136.90 million during the quarter. Sell-side analysts anticipate that Spartan Delta will post 0.305004 earnings per share for the current fiscal year.

Spartan Delta Company Profile

Spartan is committed to creating value for its shareholders, focused on sustainability in both operations and financial performance. The Company’s culture is centered on generating Free Funds Flow through responsible oil and gas exploration and development. The Company has established a portfolio of high-quality production and development opportunities in the Deep Basin and the Duvernay. Spartan will continue to focus on the execution of the Company’s organic drilling program across its portfolio, delivering operational synergies in a respectful and responsible manner in relation to the environment and communities it operates in.