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

Spartan Delta Corp. (TSE:SDE) has been assigned a consensus recommendation of “Strong Buy” from the five research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$5.63.

SDE has been the subject of several analyst reports. Ventum Financial set a C$5.25 price objective on shares of Spartan Delta and gave the stock a “buy” rating in a research note on Monday, March 31st. CIBC dropped their price objective on shares of Spartan Delta from C$7.00 to C$5.00 in a research note on Thursday, April 10th. Finally, Ventum Cap Mkts upgraded shares of Spartan Delta to a “strong-buy” rating in a research note on Monday, March 31st.

Insider Activity

In related news, Senior Officer Martin Malek bought 17,700 shares of the company’s stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average price of C$2.83 per share, for a total transaction of C$50,091.00. Insiders own 12.43% of the company’s stock.

Spartan Delta Price Performance

Shares of Spartan Delta stock opened at C$3.35 on Thursday. Spartan Delta has a twelve month low of C$2.39 and a twelve month high of C$4.29. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49. The company has a 50-day simple moving average of C$2.90 and a two-hundred day simple moving average of C$3.27. The stock has a market capitalization of C$670.93 million, a price-to-earnings ratio of 4.18 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.