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

Spartan Delta Corp. (TSE:SDE - Get Free Report) has received a consensus recommendation of "Strong Buy" from the seven research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$5.91.

SDE has been the subject of a number of recent analyst reports. CIBC reduced their price objective on Spartan Delta from C$7.00 to C$5.00 in a research note on Thursday, April 10th. Desjardins upgraded shares of Spartan Delta to a "moderate buy" rating in a report on Thursday, January 30th. National Bank Financial raised shares of Spartan Delta to a "strong-buy" rating in a research report on Thursday, January 30th. Ventum Cap Mkts raised shares of Spartan Delta to a "strong-buy" rating in a research report on Monday, March 31st. Finally, Ventum Financial set a C$5.25 price target on shares of Spartan Delta and gave the stock a "buy" rating in a report on Monday, March 31st.

Spartan Delta Stock Performance

Shares of SDE stock traded up C$0.12 during trading on Wednesday, hitting C$2.96. The company's stock had a trading volume of 271,917 shares, compared to its average volume of 421,881. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. The company has a market cap of C$592.82 million, a PE ratio of 3.69 and a beta of 1.49. The business has a fifty day moving average of C$3.15 and a 200-day moving average of C$3.42. Spartan Delta has a 52 week low of C$2.39 and a 52 week high of C$4.36.

Insider Buying and Selling

In other Spartan Delta news, Senior Officer Martin Malek bought 17,700 shares of the firm's stock in a transaction on Tuesday, April 8th. The shares were acquired at an average cost of C$2.83 per share, for a total transaction of C$50,091.00. Also, Senior Officer Ojay Platt sold 20,333 shares of Spartan Delta 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 currently owned by insiders.

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.