Robert John Day Sells 2,390 Shares of Spartan Delta (TSE:SDE) Stock

Spartan Delta Corp. (TSE:SDE) insider Robert John Day sold 2,390 shares of Spartan Delta 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$31,165.60. Following the transaction, the insider owned 83,609 shares of the company’s stock, valued at C$1,090,261.36. The trade was a 2.78% decrease in their position.

Spartan Delta Stock Up 5.2%

Shares of TSE:SDE opened at C$14.07 on Friday. The stock has a fifty day simple moving average of C$12.26 and a two-hundred day simple moving average of C$9.54. The stock has a market capitalization of C$2.85 billion, a price-to-earnings ratio of 45.39 and a beta of 0.05. Spartan Delta Corp. has a 12-month low of C$2.80 and a 12-month high of C$14.09. 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 (TSE:SDE) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C($0.07) earnings per share (EPS) for the quarter. The company had revenue of C$136.90 million for the quarter. Spartan Delta had a net margin of 14.14% and a return on equity of 9.84%. On average, research analysts anticipate that Spartan Delta Corp. will post 0.305004 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SDE has been the subject of a number of recent research reports. Desjardins lifted their price objective on 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. TD boosted their price target on Spartan Delta from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Ventum Financial boosted their price target on Spartan Delta from C$10.50 to C$12.25 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. National Bank Financial boosted their price target on Spartan Delta from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, Roth Mkm set a C$13.50 price target on Spartan Delta and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$13.52.

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.