Spartan Delta (TSE:SDE) Stock Price Up 3% - Still a Buy?

Spartan Delta Corp. (TSE:SDE - Get Free Report) traded up 3% during trading on Thursday . The stock traded as high as C$3.82 and last traded at C$3.81. 178,674 shares were traded during mid-day trading, a decline of 52% from the average session volume of 373,209 shares. The stock had previously closed at C$3.70.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SDE shares. Ventum Financial set a C$5.25 price target on Spartan Delta and gave the company a "buy" rating in a research note on Monday, March 31st. CIBC dropped their price objective on Spartan Delta from C$7.00 to C$5.00 in a report on Thursday, April 10th. Finally, Ventum Cap Mkts raised shares of Spartan Delta to a "strong-buy" rating in a research note on Monday, March 31st. Two analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy" and an average price target of C$5.63.

Spartan Delta Stock Down 0.3%

The business has a fifty day moving average of C$3.17 and a 200 day moving average of C$3.30. 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 has a market cap of C$761.05 million, a P/E ratio of 4.74 and a beta of 1.49.

Insider Activity at Spartan Delta

In other news, Senior Officer Martin Malek purchased 17,700 shares of the firm's stock in a transaction dated Tuesday, April 8th. The stock was bought at an average price of C$2.83 per share, with a total value of C$50,091.00. 12.43% of the stock is currently owned by corporate insiders.

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.