Spartan Delta Corp. (TSE:SDE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Spartan Delta Corp. (TSE:SDE) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$13.52.

A number of analysts have recently issued reports on SDE shares. BMO Capital Markets lifted 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 report on Wednesday, May 6th. Ventum Capital lifted 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 report on Wednesday, May 6th. Ventum Financial lifted their price objective on shares of Spartan Delta from C$10.50 to C$12.25 and gave the company a “buy” rating in a report on Tuesday, February 24th. Desjardins lifted their price objective on shares of Spartan Delta from C$9.50 to C$11.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. Finally, Scotiabank lifted their price objective on shares of Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st.

Spartan Delta Stock Performance

Shares of SDE stock opened at C$14.07 on Monday. 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$2.85 billion, a P/E ratio of 45.39 and a beta of 0.05. The company’s 50 day moving average price is C$12.26 and its two-hundred day moving average price is C$9.56. Spartan Delta has a 52 week low of C$2.80 and a 52 week high of C$14.09.

Spartan Delta (TSE:SDE) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C($0.07) earnings per share (EPS) 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 during the quarter. On average, analysts expect that Spartan Delta will post 0.305004 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Ojay Platt sold 5,582 shares of Spartan Delta stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$13.04, for a total value of C$72,789.28. Following the sale, the insider directly owned 122,307 shares in the company, valued at C$1,594,883.28. This trade represents a 4.36% decrease in their ownership of the stock. Also, insider Robert John Day sold 2,390 shares of Spartan Delta stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$13.04, for a total transaction of C$31,165.60. Following the completion of the sale, the insider owned 83,609 shares in the company, valued at C$1,090,261.36. This trade represents a 2.78% decrease in their ownership of the stock. 12.43% of the stock is owned by company 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.