Martin Malek Purchases 12,000 Shares of Spartan Delta Corp. (TSE:SDE) Stock

Spartan Delta Corp. (TSE:SDE) Senior Officer Martin Malek purchased 12,000 shares of Spartan Delta stock in a transaction on Friday, September 13th. The shares were acquired at an average cost of C$3.80 per share, for a total transaction of C$45,600.00.

Spartan Delta Trading Up 4.5 %

Shares of SDE opened at C$3.93 on Wednesday. The company has a debt-to-equity ratio of 30.43, a quick ratio of 0.66 and a current ratio of 0.93. Spartan Delta Corp. has a one year low of C$2.63 and a one year high of C$4.52. The stock has a 50-day moving average price of C$3.92 and a 200 day moving average price of C$3.91. The company has a market capitalization of C$680.68 million, a P/E ratio of 4.73 and a beta of 1.52.

Spartan Delta (TSE:SDE) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.09 earnings per share for the quarter. The business had revenue of C$73.45 million during the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. Sell-side analysts forecast that Spartan Delta Corp. will post 0.2986497 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SDE has been the topic of a number of research reports. Desjardins raised shares of Spartan Delta from a “hold” rating to a “buy” rating and raised their target price for the company from C$4.75 to C$5.00 in a research note on Monday, August 12th. CIBC raised their price objective on Spartan Delta from C$6.00 to C$7.00 in a research report on Monday, July 15th. National Bankshares boosted their price objective on Spartan Delta from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Finally, Cormark upgraded Spartan Delta from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, May 24th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Spartan Delta currently has a consensus rating of “Buy” and a consensus target price of C$5.67.

About Spartan Delta

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.