Spartan Delta Corp. (TSE:SDE) Receives Consensus Rating of “Buy” from Brokerages

Spartan Delta Corp. (TSE:SDE) has been assigned an average recommendation of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$13.84.

Several analysts have commented on SDE shares. BMO Capital Markets raised their price objective on shares of Spartan Delta from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. TD upped their target price 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. Desjardins set a C$13.50 target price on Spartan Delta and gave the stock a “hold” rating in a research report on Friday, July 17th. ATB Cormark Capital Markets upgraded Spartan Delta from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$13.25 to C$17.00 in a research note on Wednesday, May 6th. Finally, Ventum Capital raised their target price on Spartan Delta from C$14.50 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th.

Spartan Delta Stock Up 3.1%

Shares of TSE SDE opened at C$13.17 on Wednesday. The firm has a fifty day simple moving average of C$11.63 and a two-hundred day simple moving average of C$11.67. Spartan Delta has a 12 month low of C$4.72 and a 12 month high of C$14.40. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 30.41. The firm has a market capitalization of C$2.70 billion, a PE ratio of 37.63 and a beta of 0.26.

Spartan Delta (TSE:SDE) last announced its earnings results on Wednesday, July 29th. The company reported C$0.20 earnings per share for the quarter. Spartan Delta had a net margin of 13.77% and a return on equity of 10.71%. The firm had revenue of C$166.14 million for the quarter. Equities analysts expect that Spartan Delta will post 0.305004 earnings per share for the current year.

Insider Transactions at Spartan Delta

In other Spartan Delta news, insider Robert John Day sold 6,191 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of C$11.91, for a total value of C$73,734.81. Following the completion of the transaction, the insider owned 90,284 shares in the company, valued at approximately C$1,075,282.44. This represents a 6.42% decrease in their ownership of the stock. Company insiders own 12.43% of the company’s stock.

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.