Brokerages Set Spartan Delta Corp. (TSE:SDE) Price Target at C$6.29

Shares of Spartan Delta Corp. (TSE:SDE) have received an average recommendation of “Strong Buy” from the six analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$6.29.

SDE has been the subject of a number of analyst reports. Scotiabank upped their price objective on shares of Spartan Delta from C$6.00 to C$7.50 in a report on Thursday, January 30th. Desjardins raised shares of Spartan Delta to a “moderate buy” rating in a research note on Thursday, January 30th. BMO Capital Markets reduced their price target on shares of Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. National Bank Financial upgraded Spartan Delta to a “strong-buy” rating in a report on Thursday, January 30th. Finally, National Bankshares raised their target price on Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th.

Spartan Delta Stock Down 3.0 %

Shares of TSE:SDE opened at C$3.23 on Friday. Spartan Delta has a 52-week low of C$2.70 and a 52-week high of C$4.36. The stock has a market cap of C$646.89 million, a P/E ratio of 4.03 and a beta of 1.49. The business has a fifty day moving average of C$3.47 and a two-hundred day moving average of C$3.52. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49.

Insider Buying and Selling at Spartan Delta

In other Spartan Delta news, Senior Officer Ojay Platt sold 20,333 shares of Spartan Delta stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$3.02, for a total value of C$61,405.66. 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.