Spartan Delta Corp. (TSE:SDE) Given Average Recommendation of “Strong Buy” by Brokerages

Shares of Spartan Delta Corp. (TSE:SDE) have been given a consensus recommendation of “Strong Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$5.91.

Several research firms recently weighed in on SDE. Ventum Financial set a C$5.25 target price on Spartan Delta and gave the stock a “buy” rating in a research note on Monday, March 31st. National Bankshares upped their target price on shares of Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Ventum Cap Mkts raised shares of Spartan Delta to a “strong-buy” rating in a research report on Monday, March 31st. CIBC reduced their target price on Spartan Delta from C$7.00 to C$5.00 in a report on Thursday, April 10th. Finally, Desjardins upgraded Spartan Delta to a “moderate buy” rating in a research note on Thursday, January 30th.

Insider Activity

In other Spartan Delta news, Senior Officer Martin Malek acquired 17,700 shares of the stock in a transaction on Tuesday, April 8th. The shares were bought at an average price of C$2.83 per share, with a total value of C$50,091.00. Also, Senior Officer Ojay Platt sold 20,333 shares of the 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 value of C$61,405.66. Corporate insiders own 12.43% of the company’s stock.

Spartan Delta Stock Performance

TSE:SDE opened at C$2.78 on Wednesday. The firm has a market capitalization of C$556.77 million, a PE ratio of 3.47 and a beta of 1.49. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66. The business’s fifty day moving average price is C$3.20 and its 200 day moving average price is C$3.44. Spartan Delta has a 12 month low of C$2.39 and a 12 month high of C$4.36.

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.