Spartan Delta Corp. (TSE:SDE) Receives C$13.52 Consensus Price Target from Brokerages

Shares of Spartan Delta Corp. (TSE:SDE) have been assigned an average rating of “Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$13.52.

A number of research firms recently weighed in on SDE. BMO Capital Markets boosted their target price on Spartan Delta from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. TD increased their price target 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. National Bank Financial lifted their price target on shares of 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. ATB Cormark Capital Markets upgraded shares of Spartan Delta from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$13.25 to C$17.00 in a report on Wednesday, May 6th. Finally, Ventum Capital boosted their price objective on shares of Spartan Delta from C$14.50 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th.

Spartan Delta Price Performance

SDE traded up C$0.08 during trading on Tuesday, reaching C$11.43. The stock had a trading volume of 156,843 shares, compared to its average volume of 775,582. The business has a 50-day moving average of C$12.35 and a 200-day moving average of C$10.80. Spartan Delta has a one year low of C$4.00 and a one year high of C$14.40. 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 stock has a market cap of C$2.32 billion, a PE ratio of 36.87 and a beta of 0.24.

Spartan Delta (TSE:SDE) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C($0.07) earnings per share (EPS) for the quarter. The firm 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%. As a group, equities research analysts anticipate that Spartan Delta will post 0.305004 EPS for the current fiscal year.

Insiders Place Their Bets

In other Spartan Delta news, insider Ojay Platt sold 5,582 shares of the company’s 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 sale, 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 ownership of the stock. Also, insider Robert John Day sold 6,191 shares of the company’s stock in a transaction dated 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 sale, the insider owned 90,284 shares of the company’s stock, valued at approximately C$1,075,282.44. The trade was a 6.42% decrease in their ownership of the stock. In the last quarter, insiders sold 14,163 shares of company stock worth $177,690. 12.43% of the stock is owned by corporate insiders.

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.