Spartan Delta (TSE:SDE) Raised to Strong-Buy at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Spartan Delta (TSE:SDE) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

Several other equities analysts have also recently weighed in on SDE. BMO Capital Markets decreased their price target on shares of Spartan Delta from C$6.00 to C$5.00 in a research note on Friday, December 13th. Scotiabank raised their target price on shares of Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. National Bankshares boosted their price target on shares of Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. National Bank Financial upgraded shares of Spartan Delta to a “strong-buy” rating in a research note on Thursday, January 30th. Finally, Ventum Financial set a C$5.25 target price on Spartan Delta and gave the company a “buy” rating in a research report on Monday. Four analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus price target of C$6.16.

Spartan Delta Stock Down 0.3 %

TSE:SDE opened at C$3.41 on Monday. The stock has a 50-day simple moving average of C$3.44 and a 200 day simple moving average of C$3.52. Spartan Delta has a 52-week low of C$2.70 and a 52-week high of C$4.36. The company has a market cap of C$682.94 million, a PE ratio of 4.26 and a beta of 1.49. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80.

Insider Activity

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 stock was sold at an average price of C$3.02, for a total transaction of C$61,405.66. 12.43% of the stock is owned by insiders.

About Spartan Delta

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.