Spartan Delta (TSE:SDE) Trading Down 2.5% – Should You Sell?

Spartan Delta Corp. (TSE:SDE) shares dropped 2.5% on Friday . The stock traded as low as C$13.38 and last traded at C$13.48. 299,065 shares were traded during mid-day trading, a decline of 59% from the average session volume of 722,476 shares. The stock had previously closed at C$13.82.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Desjardins set a C$13.50 price objective on shares of Spartan Delta and gave the stock a “hold” rating in a report on Friday, July 17th. Scotiabank upgraded Spartan Delta to a “strong-buy” rating in a research report on Friday, June 26th. Finally, TD increased their price objective on Spartan Delta from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$13.84.

Spartan Delta Trading Down 2.5%

The company has a debt-to-equity ratio of 30.41, a quick ratio of 0.66 and a current ratio of 0.73. The stock has a market cap of C$2.77 billion, a P/E ratio of 38.51 and a beta of 0.24. The stock has a 50-day moving average price of C$12.28 and a 200-day moving average price of C$12.12.

Spartan Delta (TSE:SDE) last announced its earnings results on Wednesday, July 29th. The company reported C$0.20 earnings per share (EPS) for the quarter. The business had revenue of C$166.14 million during the quarter. Spartan Delta had a net margin of 13.77% and a return on equity of 10.71%. On average, equities research analysts expect that Spartan Delta Corp. 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.