Spartan Delta (TSE:SDE) Trading 1% Higher – Should You Buy?

Spartan Delta Corp. (TSE:SDE) rose 1% on Friday . The stock traded as high as C$11.24 and last traded at C$11.21. 340,242 shares changed hands during trading, a decline of 57% from the average session volume of 793,335 shares. The stock had previously closed at C$11.10.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. TD upped their price target on Spartan Delta from C$14.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. BMO Capital Markets raised their price objective on shares of Spartan Delta from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a report 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 research report on Wednesday, May 6th. Roth Mkm set a C$13.50 target price on shares of Spartan Delta and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, Ventum Capital increased their target price 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. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$13.52.

Spartan Delta Stock Up 1.0%

The stock has a market cap of C$2.27 billion, a PE ratio of 36.16 and a beta of -0.01. The business has a 50 day moving average of C$12.41 and a 200-day moving average of C$10.60. 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 issued its quarterly earnings data 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 predict that Spartan Delta Corp. will post 0.305004 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Robert John Day sold 6,191 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were 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 in the company, valued at C$1,075,282.44. This represents a 6.42% decrease in their position. Also, insider Ojay Platt sold 5,582 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$13.04, for a total transaction of C$72,789.28. Following the sale, the insider owned 122,307 shares of the company’s stock, valued at approximately C$1,594,883.28. This represents a 4.36% decrease in their position. Insiders sold a total of 14,163 shares of company stock worth $177,690 over the last ninety days. Corporate insiders own 12.43% of the company’s stock.

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.