Brokerages Set Spartan Delta Corp. (TSE:SDE) PT at C$5.91

Shares of Spartan Delta Corp. (TSE:SDE) have been given an average recommendation of “Strong Buy” by the seven research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to 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 commented on SDE. Desjardins raised shares of Spartan Delta to a “moderate buy” rating in a research report on Thursday, January 30th. Ventum Financial set a C$5.25 price target on shares of Spartan Delta and gave the company a “buy” rating in a research note on Monday, March 31st. CIBC reduced their target price on Spartan Delta from C$7.00 to C$5.00 in a research note on Thursday, April 10th. National Bank Financial raised shares of Spartan Delta to a “strong-buy” rating in a report on Thursday, January 30th. Finally, Scotiabank boosted their target price on shares of Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th.

Spartan Delta Stock Up 4.2 %

Shares of Spartan Delta stock opened at C$2.96 on Wednesday. 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 company has a market capitalization of C$592.82 million, a P/E ratio of 3.69 and a beta of 1.49. The business has a 50-day moving average of C$3.15 and a two-hundred day moving average of C$3.42. Spartan Delta has a 1 year low of C$2.39 and a 1 year high of C$4.36.

Insider Buying and Selling

In related news, Senior Officer Ojay Platt sold 20,333 shares of the stock in a transaction 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. Also, Senior Officer Martin Malek purchased 17,700 shares of the firm’s stock in a transaction dated Tuesday, April 8th. The stock was bought at an average cost of C$2.83 per share, with a total value of C$50,091.00. 12.43% of the stock is owned by corporate insiders.

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.