Ventum Cap Mkts upgraded shares of Spartan Delta (TSE:SDE - Free Report) to a strong-buy rating in a research report released on Monday,Zacks.com reports. Ventum Cap Mkts also issued estimates for Spartan Delta's Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $0.33 EPS, Q1 2026 earnings at $0.16 EPS, Q2 2026 earnings at $0.12 EPS, Q3 2026 earnings at $0.17 EPS, Q4 2026 earnings at $0.22 EPS and FY2026 earnings at $0.68 EPS.
A number of other research firms also recently weighed in on SDE. Scotiabank lifted their price objective on Spartan Delta from C$6.00 to C$7.50 in a report on Thursday, January 30th. National Bank Financial raised Spartan Delta to a "strong-buy" rating in a research note on Thursday, January 30th. Ventum Financial set a C$5.25 price target on Spartan Delta and gave the company a "buy" rating in a research report on Monday, March 31st. Desjardins raised Spartan Delta to a "moderate buy" rating in a report on Thursday, January 30th. Finally, National Bankshares upped their target price on shares of Spartan Delta from C$5.75 to C$6.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Four analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy" and an average target price of C$6.16.
Read Our Latest Stock Analysis on SDE
Spartan Delta Stock Performance
Shares of SDE traded down C$0.34 on Monday, reaching C$2.75. 770,643 shares of the stock traded hands, compared to its average volume of 413,250. The stock's 50-day moving average price is C$3.40 and its 200-day moving average price is C$3.51. 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 firm has a market cap of C$550.76 million, a price-to-earnings ratio of 3.43 and a beta of 1.49. Spartan Delta has a 12 month low of C$2.70 and a 12 month high of C$4.36.
Insider Activity at Spartan Delta
In related news, Senior Officer Ojay Platt sold 20,333 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was 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 company insiders.
About Spartan Delta
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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.
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