Spartan Delta Corp. (TSE:SDE - Get Free Report)'s share price was down 0.4% on Wednesday . The stock traded as low as C$2.61 and last traded at C$2.67. Approximately 328,848 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 391,630 shares. The stock had previously closed at C$2.68.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. CIBC dropped their price target on Spartan Delta from C$7.00 to C$5.00 in a research report 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 report on Thursday, January 30th. Ventum Cap Mkts raised shares of Spartan Delta to a "strong-buy" rating in a research note on Monday, March 31st. Finally, Scotiabank upped their target price on Spartan Delta from C$6.00 to C$7.50 in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Strong Buy" and an average price target of C$5.63.
Check Out Our Latest Report on SDE
Spartan Delta Stock Down 2.2 %
The firm has a market cap of C$538.74 million, a PE ratio of 3.36 and a beta of 1.49. 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 firm's 50 day moving average is C$2.95 and its 200-day moving average is C$3.32.
Insiders Place Their Bets
In related news, Senior Officer Ojay Platt sold 20,333 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$3.02, for a total value of C$61,405.66. Also, Senior Officer Martin Malek purchased 17,700 shares of the business's stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of C$2.83 per share, for a total transaction of C$50,091.00. Corporate insiders own 12.43% of the company's stock.
About Spartan Delta
(
Get Free Report)
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.
Further Reading
Before you consider Spartan Delta, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spartan Delta wasn't on the list.
While Spartan Delta currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
