Brokerages Set Spartan Delta Corp. (TSE:SDE) PT at C$13.75

Shares of Spartan Delta Corp. (TSE:SDE) have received a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$13.75.

A number of equities research analysts have recently issued reports on the stock. Scotiabank raised shares of Spartan Delta to a “strong-buy” rating in a report on Friday, June 26th. ATB Cormark Capital Markets raised shares of Spartan Delta from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$13.25 to C$17.00 in a research note on Wednesday, May 6th. BMO Capital Markets upped their target price on shares of Spartan Delta from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Desjardins set a C$13.50 target price on shares of Spartan Delta and gave the stock a “hold” rating in a research note on Friday, July 17th. Finally, National Bank Financial increased their target price on shares of Spartan Delta from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th.

Insider Buying and Selling at Spartan Delta

In other news, insider Robert John Day sold 6,191 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$11.91, for a total value of C$73,734.81. Following the transaction, the insider owned 90,284 shares of the company’s stock, valued at approximately C$1,075,282.44. This represents a 6.42% decrease in their ownership of the stock. Also, insider Ojay Platt sold 5,582 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$13.04, for a total value of C$72,789.28. Following the completion of the sale, the insider owned 122,307 shares in the company, valued at C$1,594,883.28. This trade represents a 4.36% decrease in their position. In the last ninety days, insiders sold 14,163 shares of company stock worth $177,690. Insiders own 12.43% of the company’s stock.

Spartan Delta Price Performance

Shares of TSE SDE opened at C$11.54 on Friday. The stock has a market cap of C$2.34 billion, a PE ratio of 37.23 and a beta of 0.24. Spartan Delta has a fifty-two week low of C$4.55 and a fifty-two 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. The stock has a fifty day moving average of C$11.86 and a 200-day moving average of C$11.27.

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

Spartan Delta Company Profile

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.