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

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

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

Insider Activity

In related news, Senior Officer Martin Malek purchased 17,700 shares of Spartan Delta stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average cost 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 Stock Performance

Spartan Delta stock traded up C$0.07 during mid-day trading on Thursday, reaching C$3.47. 231,670 shares of the stock traded hands, compared to its average volume of 369,076. The business's 50-day moving average is C$2.90 and its 200-day moving average is C$3.27. Spartan Delta has a 12-month low of C$2.39 and a 12-month high of C$4.29. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66. The stock has a market capitalization of C$694.96 million, a PE ratio of 4.33 and a beta of 1.49.

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.