Brokerages Set Spartan Delta Corp. (TSE:SDE) Target Price at C$5.63

Shares of Spartan Delta Corp. (TSE:SDE - Get Free Report) have earned a consensus rating of "Strong Buy" from the five analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$5.63.

A number of equities research analysts have commented on the company. CIBC reduced their target price on Spartan Delta from C$7.00 to C$5.00 in a report on Thursday, April 10th. Ventum Cap Mkts raised shares of Spartan Delta to a "strong-buy" rating in a research note on Monday, March 31st. Finally, Ventum Financial set a C$5.25 price target on Spartan Delta and gave the company a "buy" rating in a report on Monday, March 31st.

Spartan Delta Trading Up 2.1%

Shares of SDE traded up C$0.07 during mid-day trading on Thursday, reaching C$3.47. The stock had a trading volume of 231,670 shares, compared to its average volume of 369,076. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66. Spartan Delta has a 52-week low of C$2.39 and a 52-week high of C$4.29. The business's fifty day moving average is C$2.90 and its 200 day moving average is C$3.27. The firm has a market cap of C$694.96 million, a price-to-earnings ratio of 4.33 and a beta of 1.49.

Insiders Place Their Bets

In related news, Senior Officer Martin Malek purchased 17,700 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average price of C$2.83 per share, with a total value of C$50,091.00. Company 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.