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

Spartan Delta Corp. (TSE:SDE - Get Free Report) has earned an average recommendation of "Strong Buy" from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$5.63.

A number of equities analysts have recently issued reports on the stock. Ventum Cap Mkts raised shares of Spartan Delta to a "strong-buy" rating in a research report on Monday, March 31st. Ventum Financial set a C$5.25 price objective on shares of Spartan Delta and gave the stock a "buy" rating in a research report on Monday, March 31st. National Bank Financial raised shares of Spartan Delta to a "strong-buy" rating in a research report on Thursday, January 30th. CIBC cut their price objective on shares of Spartan Delta from C$7.00 to C$5.00 in a research report on Thursday, April 10th. Finally, Scotiabank upped their target price on shares of Spartan Delta from C$6.00 to C$7.50 in a report on Thursday, January 30th.

Spartan Delta Trading Down 2.1%

SDE traded down C$0.06 during trading on Friday, reaching C$2.79. 54,600 shares of the stock traded hands, compared to its average volume of 393,984. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49. The stock has a market capitalization of C$558.77 million, a PE ratio of 3.48 and a beta of 1.49. The stock's 50-day moving average is C$2.95 and its 200 day moving average is C$3.31. Spartan Delta has a 12 month low of C$2.39 and a 12 month high of C$4.34.

Insider Buying and Selling at Spartan Delta

In other Spartan Delta news, Senior Officer Martin Malek acquired 17,700 shares of the business's stock in a transaction that occurred 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. Also, Senior Officer Ojay Platt sold 20,333 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$3.02, for a total transaction of C$61,405.66. In the last 90 days, insiders sold 31,177 shares of company stock worth $93,383. 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.