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

Shares of Spartan Delta Corp. (TSE:SDE) have received an average rating of “Strong Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$6.29.

A number of equities analysts have recently commented on SDE shares. 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. Desjardins upgraded shares of Spartan Delta to a “moderate buy” rating in a report on Thursday, January 30th. National Bank Financial raised shares of Spartan Delta to a “strong-buy” rating in a research report on Thursday, January 30th. Scotiabank raised their price target on Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. Finally, National Bankshares boosted their price objective on 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.

Insider Activity

In other 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 company insiders.

Spartan Delta Stock Performance

Shares of TSE SDE opened at C$3.33 on Friday. The business’s 50-day simple moving average is C$3.53 and its 200-day simple moving average is C$3.54. Spartan Delta has a 52 week low of C$2.70 and a 52 week high of C$4.36. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. The firm has a market cap of C$666.92 million, a price-to-earnings ratio of 4.16 and a beta of 1.49.

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.