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

Spartan Delta Corp. (TSE:SDE) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$13.52.

Several brokerages have recently weighed in on SDE. National Bank Financial upped their target price on shares of Spartan Delta from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Ventum Financial upped their target price on shares of Spartan Delta from C$10.50 to C$12.25 and gave the company a “buy” rating in a research note on Tuesday, February 24th. BMO Capital Markets upped their target price on shares of Spartan Delta from C$13.50 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Scotiabank increased their price objective on shares of Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, Desjardins increased 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.

Insiders Place Their Bets

In other Spartan Delta news, 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 transaction of C$72,789.28. Following the transaction, 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. Also, insider Robert John Day sold 2,390 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 transaction of C$31,165.60. Following the transaction, the insider owned 83,609 shares in the company, valued at C$1,090,261.36. This trade represents a 2.78% decrease in their ownership of the stock. Corporate insiders own 12.43% of the company’s stock.

Spartan Delta Price Performance

Shares of SDE stock opened at C$14.07 on Monday. The company has a market capitalization of C$2.85 billion, a PE ratio of 45.39 and a beta of 0.05. The firm has a fifty day simple moving average of C$12.26 and a 200-day simple moving average of C$9.54. The company has a current ratio of 0.58, a quick ratio of 0.66 and a debt-to-equity ratio of 39.96. Spartan Delta has a twelve month low of C$2.80 and a twelve month high of C$14.09.

Spartan Delta (TSE:SDE) last announced its earnings results on Tuesday, May 5th. The company reported C($0.07) earnings per share for the quarter. The firm had revenue of C$136.90 million during the quarter. Spartan Delta had a net margin of 14.14% and a return on equity of 9.84%. Equities research 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.