Spartan Delta Corp. (TSE:SDE) Receives Consensus Recommendation of "Strong Buy" from Brokerages

Spartan Delta Corp. (TSE:SDE - Get Free Report) has been assigned an average recommendation of "Strong Buy" from the five brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$5.63.

Several equities research analysts recently commented on SDE shares. CIBC lowered their price objective on shares of Spartan Delta from C$7.00 to C$5.00 in a research note on Thursday, April 10th. Scotiabank raised their price target on shares of Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. Desjardins raised shares of Spartan Delta to a "moderate buy" rating in a report on Thursday, January 30th. Ventum Cap Mkts upgraded shares of Spartan Delta to a "strong-buy" rating in a research report on Monday, March 31st. Finally, National Bank Financial raised Spartan Delta to a "strong-buy" rating in a research note on Thursday, January 30th.

Insider Buying and Selling

In related news, Senior Officer Martin Malek purchased 17,700 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average price of C$2.83 per share, with a total value of C$50,091.00. Also, Senior Officer Ojay Platt sold 20,333 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$3.02, for a total value of C$61,405.66. 12.43% of the stock is owned by corporate insiders.

Spartan Delta Price Performance

Shares of SDE traded up C$0.15 on Friday, reaching C$2.84. The stock had a trading volume of 608,130 shares, compared to its average volume of 397,371. Spartan Delta has a twelve month low of C$2.39 and a twelve month high of C$4.34. The firm has a market capitalization of C$568.79 million, a PE ratio of 3.54 and a beta of 1.49. The firm has a 50-day moving average of C$2.95 and a 200 day moving average of C$3.32. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49.

About Spartan Delta

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.