Spartan Delta Corp. (TSE:SDE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Spartan Delta Corp. (TSE:SDE) have received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$13.52.

Several equities research analysts recently weighed in on SDE shares. National Bank Financial lifted their price objective on Spartan Delta from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Ventum Capital lifted their price objective on Spartan Delta from C$14.50 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. TD lifted their price objective on Spartan Delta from C$14.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Roth Mkm set a C$13.50 price objective on Spartan Delta and gave the stock a “buy” rating in a report on Wednesday, March 4th. Finally, ATB Cormark Capital Markets raised Spartan Delta from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$13.25 to C$17.00 in a report on Wednesday, May 6th.

Insider Activity

In other Spartan Delta news, insider Robert John Day sold 6,191 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of C$11.91, for a total value of C$73,734.81. Following the completion of the transaction, the insider owned 90,284 shares in the company, valued at C$1,075,282.44. This trade represents a 6.42% decrease in their position. Also, insider Ojay Platt sold 5,582 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$13.04, for a total value of C$72,789.28. Following the completion of the transaction, the insider owned 122,307 shares of the company’s stock, valued at approximately C$1,594,883.28. This represents a 4.36% decrease in their position. In the last 90 days, insiders sold 14,163 shares of company stock valued at $177,690. 12.43% of the stock is owned by corporate insiders.

Spartan Delta Trading Up 0.8%

Shares of Spartan Delta stock opened at C$11.30 on Tuesday. Spartan Delta has a 1 year low of C$3.67 and a 1 year high of C$14.40. The firm has a market cap of C$2.29 billion, a PE ratio of 36.45 and a beta of -0.01. The stock has a fifty day moving average price of C$12.40 and a 200-day moving average price of C$10.65. The company has a debt-to-equity ratio of 39.96, a current ratio of 0.58 and a quick ratio of 0.66.

Spartan Delta (TSE:SDE) last announced its earnings results on Tuesday, May 5th. The company reported C($0.07) earnings per share (EPS) for the quarter. Spartan Delta had a net margin of 14.14% and a return on equity of 9.84%. The business had revenue of C$136.90 million for the quarter. Equities research analysts anticipate that Spartan Delta will post 0.305004 EPS for the current year.

About Spartan Delta

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.