Spartan Delta (TSE:SDE) Insider Robert John Day Sells 6,191 Shares of Stock

Spartan Delta Corp. (TSE:SDE) insider Robert John Day sold 6,191 shares of Spartan Delta stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of C$11.91, for a total transaction of C$73,734.81. Following the completion of the sale, the insider owned 90,284 shares of the company’s stock, valued at C$1,075,282.44. This trade represents a 6.42% decrease in their position.

Robert John Day also recently made the following trade(s):

• On Tuesday, May 12th, Robert John Day sold 2,390 shares of Spartan Delta stock. The shares were sold at an average price of C$13.04, for a total transaction of C$31,165.60.

Spartan Delta Stock Up 0.5%

Spartan Delta stock opened at C$11.80 on Friday. Spartan Delta Corp. has a fifty-two week low of C$3.02 and a fifty-two week high of C$14.40. The company has a debt-to-equity ratio of 39.96, a quick ratio of 0.66 and a current ratio of 0.58. The firm has a 50 day moving average price of C$12.58 and a 200 day moving average price of C$9.97. The company has a market capitalization of C$2.39 billion, a PE ratio of 38.06 and a beta of 0.05.

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

Wall Street Analysts Forecast Growth

SDE has been the subject of several research reports. National Bank Financial lifted their target price on shares of Spartan Delta from C$15.50 to C$16.00 and gave the company an “outperform” rating in a report 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 company a “hold” rating in a research report on Tuesday, February 24th. Ventum Capital raised their price target on shares of Spartan Delta from C$14.50 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Roth Mkm set a C$13.50 price target on shares of Spartan Delta and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, BMO Capital Markets raised their price target on shares of Spartan Delta from C$13.50 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$13.52.

About Spartan Delta

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.