Spartan Delta (TSE:SDE) Stock Price Down 4.6% - Time to Sell?

Key Points

• Spartan Delta Corp. shares fell by 4.6% to C$5.38, with a trading volume that increased by 9% compared to its average daily volume.
• Desjardins downgraded Spartan Delta from a "buy" to a "hold" rating, while Scotiabank raised its price target from C$7.50 to C$8.00, indicating mixed analyst sentiment.
• The company has a market capitalization of C$1.08 billion and operates in the oil and gas exploration and production sector in Alberta.

Shares of Spartan Delta Corp. (TSE:SDE - Get Free Report) were down 4.6% on Monday . The company traded as low as C$5.38 and last traded at C$5.38. Approximately 403,952 shares changed hands during trading, an increase of 9% from the average daily volume of 371,285 shares. The stock had previously closed at C$5.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SDE shares. Desjardins downgraded Spartan Delta from a "buy" rating to a "hold" rating and set a C$5.75 price target on the stock. in a research note on Tuesday, August 26th. Scotiabank lifted their target price on Spartan Delta from C$7.50 to C$8.00 in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Spartan Delta has a consensus rating of "Buy" and an average target price of C$5.83.

Spartan Delta Trading Down 4.6%

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 fifty day simple moving average of C$5.12 and a 200 day simple moving average of C$4.04. The firm has a market capitalization of C$1.08 billion, a P/E ratio of 28.32 and a beta of 0.50.

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.

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