Spartan Delta Corp. (TSE:SDE - Get Free Report) has earned a consensus recommendation of "Strong Buy" from the five analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$5.63.
Several analysts recently weighed in on SDE shares. CIBC reduced their target price on shares of Spartan Delta from C$7.00 to C$5.00 in a report on Thursday, April 10th. Ventum Financial set a C$5.25 target price on shares of Spartan Delta and gave the company a "buy" rating in a report on Monday, March 31st. Finally, Ventum Cap Mkts raised shares of Spartan Delta to a "strong-buy" rating in a report on Monday, March 31st.
Check Out Our Latest Stock Analysis on Spartan Delta
Spartan Delta Stock Down 0.3%
Shares of SDE opened at C$3.80 on Monday. The stock has a market capitalization of C$761.05 million, a PE ratio of 4.74 and a beta of 1.49. Spartan Delta has a 1 year low of C$2.39 and a 1 year high of C$4.29. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. The company's 50-day simple moving average is C$3.18 and its 200-day simple moving average is C$3.31.
Insider Buying and Selling at Spartan Delta
In related news, Senior Officer Martin Malek purchased 17,700 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of C$2.83 per share, for a total transaction of C$50,091.00. 12.43% of the stock is currently owned by insiders.
About Spartan Delta
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Get Free ReportSpartan 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.
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