Brokerages Set Spartan Delta Corp. (TSE:SDE) Price Target at C$6.29

Spartan Delta Corp. (TSE:SDE) has been assigned a consensus recommendation of “Strong Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$6.29.

A number of research firms have recently weighed in on SDE. National Bankshares increased their price target on Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. National Bank Financial raised shares of Spartan Delta to a “strong-buy” rating in a research note on Thursday, January 30th. Desjardins raised shares of Spartan Delta to a “moderate buy” rating in a research note on Thursday, January 30th. Scotiabank lifted their target price on Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. Finally, BMO Capital Markets dropped their price target on shares of Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th.

Insider Activity

In other Spartan Delta news, Senior Officer Ojay Platt sold 20,333 shares of Spartan Delta stock in a transaction dated 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

Shares of TSE SDE opened at C$3.39 on Friday. The business’s 50-day simple moving average is C$3.52 and its 200-day simple moving average is C$3.54. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. Spartan Delta has a 52 week low of C$2.70 and a 52 week high of C$4.36. The firm has a market cap of C$678.94 million, a price-to-earnings ratio of 4.23 and a beta of 1.49.

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.