Spartan Delta Corp. (TSE:SDE) Receives Consensus Rating of “Buy” from Analysts

Shares of Spartan Delta Corp. (TSE:SDE) have earned an average rating of “Buy” from the ten research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$13.84.

SDE has been the topic of a number of research reports. Scotiabank upgraded shares of Spartan Delta to a “strong-buy” rating in a report on Friday, June 26th. TD raised their price target on shares of Spartan Delta from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Thursday. ATB Cormark Capital Markets upgraded Spartan Delta from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$13.25 to C$17.00 in a report on Wednesday, May 6th. BMO Capital Markets boosted their price target on Spartan Delta from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, Ventum Capital upped their price objective on shares of Spartan Delta from C$14.50 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th.

Insider Buying and Selling

In other Spartan Delta news, insider Robert John Day sold 6,191 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of C$11.91, for a total transaction of C$73,734.81. Following the transaction, the insider owned 90,284 shares of the company’s stock, valued at approximately C$1,075,282.44. This represents a 6.42% decrease in their position. Also, insider Ojay Platt sold 5,582 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$13.04, for a total transaction of C$72,789.28. Following the completion of the transaction, 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 position. Insiders have sold 14,163 shares of company stock worth $177,690 over the last ninety days. Company insiders own 12.43% of the company’s stock.

Spartan Delta Price Performance

SDE stock opened at C$11.90 on Friday. The company has a market capitalization of C$2.41 billion, a PE ratio of 34.00 and a beta of 0.24. The stock’s 50 day moving average is C$11.70 and its two-hundred day moving average is C$11.35. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 30.41. Spartan Delta has a 52-week low of C$4.55 and a 52-week high of C$14.40.

Spartan Delta (TSE:SDE) last issued its earnings results on Wednesday, July 29th. The company reported C$0.20 earnings per share (EPS) for the quarter. The firm had revenue of C$166.14 million for the quarter. Spartan Delta had a net margin of 13.77% and a return on equity of 10.71%. Analysts predict that Spartan Delta will post 0.305004 earnings per share for the current fiscal year.

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.