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

Spartan Delta Corp. (TSE:SDE) has earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$13.52.

Several brokerages recently weighed in on SDE. TD Securities increased their target price on Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Ventum Financial increased their target price on 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. TD increased their target price on Spartan Delta from C$14.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Desjardins increased their target price 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. Finally, National Bank Financial increased their target price on 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.

Insider Activity at Spartan Delta

In other Spartan Delta news, insider Ojay Platt sold 5,582 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was 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 owned 122,307 shares in the company, valued at approximately C$1,594,883.28. This trade represents a 4.36% decrease in their position. Also, insider Robert John Day sold 6,191 shares of the firm’s 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 completion of the sale, the insider owned 90,284 shares of the company’s stock, valued at C$1,075,282.44. This represents a 6.42% decrease in their position. In the last 90 days, insiders have sold 14,163 shares of company stock valued at $177,690. 12.43% of the stock is owned by corporate insiders.

Spartan Delta Stock Performance

Shares of TSE SDE opened at C$12.37 on Friday. The business’s 50-day simple moving average is C$12.54 and its 200-day simple moving average is C$10.33. Spartan Delta has a 52 week low of C$3.53 and a 52 week high of C$14.40. The firm has a market cap of C$2.51 billion, a price-to-earnings ratio of 39.90 and a beta of -0.01. The company has a debt-to-equity ratio of 39.96, a quick ratio of 0.66 and a current ratio of 0.58.

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. 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 for the quarter. As a group, equities research analysts expect that Spartan Delta will post 0.305004 earnings per share for the current fiscal year.

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.