Spartan Delta (TSE:SDE) Insider Robert John Day Sells 6,191 Shares

Spartan Delta Corp. (TSE:SDE) insider Robert John Day sold 6,191 shares of Spartan Delta stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of C$11.91, for a total transaction of C$73,734.81. Following the transaction, the insider directly owned 90,284 shares in the company, valued at approximately C$1,075,282.44. The trade was a 6.42% decrease in their ownership of the stock.

Robert John Day also recently made the following trade(s):

• On Tuesday, May 12th, Robert John Day sold 2,390 shares of Spartan Delta stock. The shares were sold at an average price of C$13.04, for a total transaction of C$31,165.60.

Spartan Delta Stock Up 1.4%

SDE traded up C$0.17 during trading on Thursday, hitting C$11.91. The stock had a trading volume of 387,046 shares, compared to its average volume of 726,076. Spartan Delta Corp. has a twelve month low of C$3.02 and a twelve month high of C$14.40. The stock has a 50 day simple moving average of C$12.58 and a two-hundred day simple moving average of C$9.94. 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 capitalization of C$2.41 billion, a PE ratio of 38.42 and a beta of 0.05.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Roth Mkm set a C$13.50 price objective on shares of Spartan Delta and gave the company a “buy” rating in a research report on Wednesday, March 4th. BMO Capital Markets increased their price objective on shares of Spartan Delta from C$13.50 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. TD increased their price objective on shares of 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. Ventum Capital increased their price objective on shares of Spartan Delta from C$14.50 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, TD Securities upped their target price on shares of Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.