Spartan Delta Corp. (TSE:SDE) Receives C$6.29 Consensus PT from Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have been given a consensus recommendation of “Strong Buy” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$6.29.

Several analysts have recently weighed in on SDE shares. National Bank Financial upgraded Spartan Delta to a “strong-buy” rating in a report on Thursday, January 30th. Desjardins raised shares of Spartan Delta to a “moderate buy” rating in a research note on Thursday, January 30th. National Bankshares raised their target price on Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Scotiabank upped their price target on Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. Finally, BMO Capital Markets decreased their price target on Spartan Delta from C$6.00 to C$5.00 in a research note on Friday, December 13th.

Insider Activity at Spartan Delta

In other Spartan Delta news, Senior Officer Ojay Platt sold 20,333 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$3.02, for a total transaction of C$61,405.66. 12.43% of the stock is owned by company insiders.

Spartan Delta Trading Up 1.8 %

Shares of SDE stock opened at C$3.39 on Friday. Spartan Delta has a twelve month low of C$2.70 and a twelve month high of C$4.36. The stock’s fifty day simple moving average is C$3.52 and its 200 day simple moving average is C$3.54. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49. The firm has a market capitalization of C$678.94 million, a P/E ratio of 4.23 and a beta of 1.49.

About Spartan Delta

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. The company operates and focuses its activities on Peace River Arch and Central Alberta.