Ojay Platt Sells 5,582 Shares of Spartan Delta (TSE:SDE) Stock

Spartan Delta Corp. (TSE:SDE) insider Ojay Platt sold 5,582 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$13.04, for a total transaction of C$72,789.28. Following the transaction, the insider owned 122,307 shares of the company’s stock, valued at approximately C$1,594,883.28. The trade was a 4.36% decrease in their position.

Spartan Delta Stock Performance

Shares of SDE stock opened at C$14.07 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.66 and a debt-to-equity ratio of 39.96. The firm has a fifty day moving average price of C$12.26 and a 200 day moving average price of C$9.54. The company has a market cap of C$2.85 billion, a P/E ratio of 45.39 and a beta of 0.05. Spartan Delta Corp. has a 12 month low of C$2.80 and a 12 month high of C$14.09.

Spartan Delta (TSE:SDE) last posted its earnings results on Tuesday, May 5th. The company reported C($0.07) EPS for the quarter. The company had revenue of C$136.90 million during the quarter. Spartan Delta had a net margin of 14.14% and a return on equity of 9.84%. Sell-side analysts predict that Spartan Delta Corp. will post 0.305004 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Desjardins increased their target price on shares of Spartan Delta from C$9.50 to C$11.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. Roth Mkm set a C$13.50 target price on shares of Spartan Delta and gave the company a “buy” rating in a research report on Wednesday, March 4th. TD increased their target price on shares of Spartan Delta from C$14.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. National Bank Financial increased their target price on shares of Spartan Delta from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Finally, Ventum Financial increased their target price on shares of Spartan Delta from C$10.50 to C$12.25 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Spartan Delta presently has an average rating of “Moderate Buy” and an average target price of C$13.52.

Spartan Delta Company Profile

Spartan is committed to creating value for its shareholders, focused on sustainability in both operations and financial performance. The Company’s culture is centered on generating Free Funds Flow through responsible oil and gas exploration and development. The Company has established a portfolio of high-quality production and development opportunities in the Deep Basin and the Duvernay. Spartan will continue to focus on the execution of the Company’s organic drilling program across its portfolio, delivering operational synergies in a respectful and responsible manner in relation to the environment and communities it operates in.