Spartan Delta Corp. (TSE:SDE) Receives C$5.63 Consensus Target Price from Brokerages

Shares of Spartan Delta Corp. (TSE:SDE - Get Free Report) have received an average recommendation of "Strong Buy" from the five ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$5.63.

Several brokerages have recently issued reports on SDE. CIBC reduced their price objective on Spartan Delta from C$7.00 to C$5.00 in a research report on Thursday, April 10th. Ventum Financial set a C$5.25 price target on Spartan Delta and gave the stock a "buy" rating in a research note on Monday, March 31st. Finally, Ventum Cap Mkts upgraded shares of Spartan Delta to a "strong-buy" rating in a research note on Monday, March 31st.

Spartan Delta Stock Performance

TSE SDE traded up C$0.01 during trading hours on Monday, hitting C$3.83. The company had a trading volume of 261,058 shares, compared to its average volume of 366,441. The business has a fifty day simple moving average of C$3.24 and a 200-day simple moving average of C$3.32. The firm has a market cap of C$767.06 million, a P/E ratio of 4.78 and a beta of 1.49. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49. Spartan Delta has a fifty-two week low of C$2.39 and a fifty-two week high of C$4.29.

Insider Activity at Spartan Delta

In other Spartan Delta news, Senior Officer Martin Malek purchased 17,700 shares of the business's stock in a transaction on Tuesday, April 8th. The stock was bought at an average cost of C$2.83 per share, with a total value of C$50,091.00. 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.