Spartan Delta (TSE:SDE) Insider Sells C$31,165.60 in Stock

Spartan Delta Corp. (TSE:SDE) insider Robert John Day sold 2,390 shares of the 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$31,165.60. Following the completion of the sale, the insider owned 83,609 shares of the company’s stock, valued at approximately C$1,090,261.36. This trade represents a 2.78% decrease in their position.

Spartan Delta Trading Up 5.2%

Shares of SDE stock opened at C$14.07 on Friday. The company has a 50 day moving average of C$12.26 and a 200-day moving average of C$9.54. The company has a quick ratio of 0.66, a current ratio of 0.58 and a debt-to-equity ratio of 39.96. Spartan Delta Corp. has a 12-month low of C$2.80 and a 12-month high of C$14.09. The firm has a market cap of C$2.85 billion, a P/E ratio of 45.39 and a beta of 0.05.

Spartan Delta (TSE:SDE) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C($0.07) earnings per share (EPS) for the quarter. Spartan Delta had a return on equity of 9.84% and a net margin of 14.14%.The company had revenue of C$136.90 million for the quarter. Sell-side analysts anticipate that Spartan Delta Corp. will post 0.305004 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SDE. BMO Capital Markets raised their price target on shares of Spartan Delta from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Desjardins raised their price target on shares of Spartan Delta from C$9.50 to C$11.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. ATB Cormark Capital Markets upgraded shares of Spartan Delta from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$13.25 to C$17.00 in a research note on Wednesday, May 6th. TD raised their price target on shares of Spartan Delta from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Ventum Financial raised their price target on shares of Spartan Delta from C$10.50 to C$12.25 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Spartan Delta currently has a consensus rating of “Moderate Buy” and an average price target of C$13.52.

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.