Spartan Delta Corp. (TSE:SDE) Receives C$5.63 Consensus Target Price from Brokerages

Spartan Delta Corp. (TSE:SDE) has been given a consensus rating of “Strong Buy” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$5.63.

Several equities analysts have recently weighed in on the stock. Ventum Cap Mkts upgraded shares of Spartan Delta to a “strong-buy” rating in a report on Monday, March 31st. CIBC dropped their price objective on shares of Spartan Delta from C$7.00 to C$5.00 in a report on Thursday, April 10th. Finally, Ventum Financial set a C$5.25 price objective on shares of Spartan Delta and gave the company a “buy” rating in a report on Monday, March 31st.

Insider Buying and Selling

In other Spartan Delta news, Senior Officer Martin Malek bought 17,700 shares of the 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. 12.43% of the stock is currently owned by company insiders.

Spartan Delta Stock Performance

Shares of SDE opened at C$3.50 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. The stock has a market capitalization of C$700.97 million, a P/E ratio of 4.37 and a beta of 1.49. The firm’s fifty day simple moving average is C$2.90 and its two-hundred day simple moving average is C$3.27. Spartan Delta has a 12 month low of C$2.39 and a 12 month high of C$4.29.

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.