Spartan Delta Corp. (TSE:SDE) Senior Officer Sells C$259,833.64 in Stock

Spartan Delta Corp. (TSE:SDE – Get Rating) Senior Officer Ashley Dawn Hohm sold 23,600 shares of the firm’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of C$11.01, for a total value of C$259,833.64. Following the sale, the insider now owns 315,464 shares of the company’s stock, valued at C$3,473,227.09.

Shares of SDE stock traded down C$0.28 during trading on Tuesday, reaching C$12.20. The company had a trading volume of 173,292 shares, compared to its average volume of 404,120. The company has a debt-to-equity ratio of 49.89, a quick ratio of 0.40 and a current ratio of 0.45. Spartan Delta Corp. has a one year low of C$3.92 and a one year high of C$12.65. The company has a market capitalization of C$1.93 billion and a price-to-earnings ratio of 4.99.

Spartan Delta (TSE:SDE – Get Rating) last issued its quarterly earnings data on Tuesday, March 8th. The company reported C$0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.38 by C$0.38. The company had revenue of C$296.43 million during the quarter. On average, analysts forecast that Spartan Delta Corp. will post 2.1099998 EPS for the current fiscal year.

A number of brokerages have commented on SDE. Scotiabank raised their price objective on Spartan Delta from C$14.00 to C$17.00 in a research report on Tuesday, March 8th. ATB Capital raised their price objective on Spartan Delta from C$8.25 to C$9.50 in a research report on Wednesday, February 16th. National Bankshares decreased their price objective on Spartan Delta from C$18.00 to C$14.50 in a research report on Thursday, April 14th. CIBC raised their price target on Spartan Delta from C$11.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, April 14th. Finally, BMO Capital Markets raised their price target on Spartan Delta from C$8.00 to C$9.50 in a research note on Wednesday, March 9th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$13.50.

Spartan Delta Company Profile (Get Rating)

Spartan Delta Corp. engages in the exploration, development, and production of petroleum and natural gas properties in the Western Canada. It also owns and operates oil and gas properties in Alberta, Saskatchewan, and British Columbia. As of December 31, 2021, company owned total proved plus probable reserves of 545,734 thousand barrels of oil equivalent.

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