Spartan Delta (TSE:SDE) Insider Ojay Platt Sells 5,582 Shares

Spartan Delta Corp. (TSE:SDE) insider Ojay Platt sold 5,582 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$13.04, for a total transaction of C$72,789.28. Following the completion of the transaction, the insider owned 122,307 shares of the company’s stock, valued at C$1,594,883.28. This represents a 4.36% decrease in their position.

Spartan Delta Price Performance

SDE stock traded up C$0.03 during trading on Thursday, reaching C$13.41. 216,996 shares of the company were exchanged, compared to its average volume of 724,069. Spartan Delta Corp. has a 52-week low of C$2.77 and a 52-week high of C$14.00. The company has a debt-to-equity ratio of 39.96, a quick ratio of 0.66 and a current ratio of 0.58. The company has a market cap of C$2.72 billion, a P/E ratio of 43.26 and a beta of 0.05. The stock’s 50 day moving average price is C$12.14 and its 200 day moving average price is C$9.45.

Spartan Delta (TSE:SDE) last released its quarterly earnings data on Tuesday, May 5th. The company reported C($0.07) EPS for the quarter. The business had revenue of C$136.90 million during the quarter. Spartan Delta had a return on equity of 9.84% and a net margin of 14.14%. As a group, analysts predict that Spartan Delta Corp. will post 0.305004 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SDE shares. National Bank Financial raised their price objective 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. BMO Capital Markets raised their price target on Spartan Delta from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. TD Securities lifted their price target on Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Desjardins upped their price objective on shares of Spartan Delta from C$9.50 to C$11.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Finally, Scotiabank increased their price objective on shares of Spartan Delta from C$8.00 to C$11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Spartan Delta currently has an average rating of “Moderate Buy” and a consensus target price of C$13.52.

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.