Spartan Delta (TSE:SDE) Price Target Raised to C$17.00 at TD

Spartan Delta (TSE:SDE) had its price objective boosted by analysts at TD from C$16.00 to C$17.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s target price suggests a potential upside of 47.44% from the company’s current price.

SDE has been the topic of several other research reports. Desjardins set a C$13.50 price target on shares of Spartan Delta and gave the company a “hold” rating in a research note on Friday, July 17th. Ventum Capital increased 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. BMO Capital Markets increased their price objective on Spartan Delta from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. National Bank Financial raised their target price on 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, ATB Cormark Capital Markets raised Spartan Delta from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$13.25 to C$17.00 in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$13.84.

Spartan Delta Stock Performance

Shares of SDE traded up C$0.20 during midday trading on Thursday, hitting C$11.53. 263,913 shares of the stock traded hands, compared to its average volume of 749,916. The business’s 50 day moving average price is C$11.76 and its two-hundred day moving average price is C$11.32. The firm has a market capitalization of C$2.34 billion, a PE ratio of 37.19 and a beta of 0.24. The company has a debt-to-equity ratio of 39.96, a quick ratio of 0.66 and a current ratio of 0.58. Spartan Delta has a 1-year low of C$4.55 and a 1-year high of C$14.40.

Spartan Delta (TSE:SDE) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.20 earnings per share for the quarter. The business had revenue of C$166.14 million for the quarter. Spartan Delta had a net margin of 14.14% and a return on equity of 9.84%. Equities research analysts predict that Spartan Delta will post 0.305004 EPS for the current fiscal year.

Insider Transactions at Spartan Delta

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

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.