Spartan Delta (TSE:SDE) PT Set at C$5.25 by Ventum Financial

Ventum Financial set a C$5.25 price target on Spartan Delta (TSE:SDE) in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets decreased their price objective on shares of Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. Scotiabank increased their price target on Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. National Bank Financial upgraded shares of Spartan Delta to a “strong-buy” rating in a research report on Thursday, January 30th. National Bankshares lifted their target price on Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Desjardins raised shares of Spartan Delta to a “moderate buy” rating in a research note on Thursday, January 30th. Four research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Spartan Delta currently has an average rating of “Buy” and a consensus target price of C$6.16.

Spartan Delta Price Performance

Shares of TSE:SDE opened at C$3.34 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. Spartan Delta has a 52 week low of C$2.70 and a 52 week high of C$4.36. The firm’s 50 day moving average is C$3.46 and its two-hundred day moving average is C$3.52. The firm has a market capitalization of C$668.92 million, a P/E ratio of 4.17 and a beta of 1.49.

Insider Buying and Selling at Spartan Delta

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

Spartan Delta Company Profile

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.