Spartan Delta (TSE:SDE) Stock Rating Upgraded by Ventum Cap Mkts

Spartan Delta (TSE:SDE) was upgraded by research analysts at Ventum Cap Mkts to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

SDE has been the topic of a number of other reports. National Bankshares boosted their price objective on shares of Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Scotiabank boosted their price target on shares of Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. BMO Capital Markets lowered their price objective on shares of Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. National Bank Financial upgraded Spartan Delta to a “strong-buy” rating in a report on Thursday, January 30th. Finally, Ventum Financial set a C$5.25 target price on Spartan Delta and gave the company a “buy” rating in a research note on Monday. Four research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Spartan Delta presently has a consensus rating of “Strong Buy” and an average target price of C$6.16.

Spartan Delta Price Performance

Shares of SDE stock opened at C$3.42 on Monday. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. Spartan Delta has a fifty-two week low of C$2.70 and a fifty-two week high of C$4.36. The firm has a market cap of C$684.95 million, a P/E ratio of 4.27 and a beta of 1.49. The business’s 50 day moving average price is C$3.45 and its 200-day moving average price is C$3.52.

Insider Transactions at Spartan Delta

In related news, Senior Officer Ojay Platt sold 20,333 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$3.02, for a total transaction of C$61,405.66. Insiders own 12.43% of the company’s stock.

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.