Spartan Delta (TSE:SDE) Given a C$13.50 Price Target by Desjardins Analysts

Spartan Delta (TSE:SDE) received a C$13.50 price target from equities research analysts at Desjardins in a note issued to investors on Friday, MarketBeat reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price target points to a potential upside of 17.60% from the stock’s previous close.

Several other brokerages also recently commented on SDE. TD lifted their price target on Spartan Delta from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. ATB Cormark Capital Markets raised Spartan Delta from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$13.25 to C$17.00 in a research report on Wednesday, May 6th. 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 research note on Wednesday, May 6th. Scotiabank raised shares of Spartan Delta to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Ventum Capital upped their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$13.75.

Spartan Delta Trading Down 0.4%

Shares of TSE:SDE opened at C$11.48 on Friday. The company has a market cap of C$2.33 billion, a P/E ratio of 37.03 and a beta of 0.24. The stock’s 50-day moving average is C$12.05 and its 200-day moving average is C$11.05. Spartan Delta has a 52-week low of C$4.43 and a 52-week high of C$14.40. The company has a debt-to-equity ratio of 39.96, a quick ratio of 0.66 and a current ratio of 0.58.

Spartan Delta (TSE:SDE) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C($0.07) EPS for the quarter. Spartan Delta had a return on equity of 9.84% and a net margin of 14.14%.The business had revenue of C$136.90 million during the quarter. Equities research analysts predict that Spartan Delta will post 0.305004 earnings per share for the current year.

Insider Buying and Selling at Spartan Delta

In other news, insider Robert John Day sold 6,191 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$11.91, for a total transaction of C$73,734.81. Following the completion of the transaction, the insider directly owned 90,284 shares of the company’s stock, valued at approximately C$1,075,282.44. This trade represents a 6.42% decrease in their position. Also, insider Ojay Platt sold 5,582 shares of Spartan Delta stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$13.04, for a total transaction of C$72,789.28. Following the sale, the insider owned 122,307 shares in the company, valued at approximately C$1,594,883.28. This trade represents a 4.36% decrease in their ownership of the stock. Insiders sold a total of 14,163 shares of company stock worth $177,690 in the last three months. 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.