Spartan Delta Corp. (TSE:SDE) Receives Consensus Rating of “Moderate Buy” from Analysts

Spartan Delta Corp. (TSE:SDE) has received an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$13.52.

A number of research firms have recently commented on SDE. TD Securities lifted their target price on Spartan Delta from C$9.50 to C$12.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Roth Mkm set a C$13.50 price target on Spartan Delta and gave the stock a “buy” rating in a report on Wednesday, March 4th. TD raised their price target on Spartan Delta from C$14.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Ventum Capital raised their price target 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. Finally, National Bank Financial raised their price target on Spartan Delta from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th.

Insider Buying and Selling

In other Spartan Delta news, insider Robert John Day sold 6,191 shares of Spartan Delta stock in a transaction that occurred 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 sale, the insider owned 90,284 shares of the company’s stock, valued at approximately C$1,075,282.44. The trade was a 6.42% decrease in their position. Also, insider Ojay Platt sold 5,582 shares of Spartan Delta stock in a transaction that occurred 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 in the company, valued at C$1,594,883.28. This represents a 4.36% decrease in their position. Insiders sold a total of 14,163 shares of company stock worth $177,690 in the last ninety days. 12.43% of the stock is owned by corporate insiders.

Spartan Delta Stock Performance

TSE:SDE opened at C$12.64 on Friday. The firm has a market capitalization of C$2.56 billion, a PE ratio of 40.77 and a beta of -0.01. The business’s fifty day moving average price is C$12.58 and its 200 day moving average price is C$10.15. The company has a debt-to-equity ratio of 39.96, a current ratio of 0.58 and a quick ratio of 0.66. Spartan Delta has a 12 month low of C$3.34 and a 12 month high of C$14.40.

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

About Spartan Delta

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.