Spartan Delta (TSE:SDE) PT Lowered to C$5.50 at National Bankshares

Spartan Delta (TSE:SDE) had its price objective cut by National Bankshares from C$6.00 to C$5.50 in a research note published on Friday morning, BayStreet.CA reports.

SDE has been the topic of several other reports. Cormark raised shares of Spartan Delta to a strong-buy rating in a research note on Monday, September 23rd. CIBC raised their price objective on Spartan Delta from C$6.00 to C$7.00 in a research report on Monday, July 15th. Finally, Desjardins upgraded shares of Spartan Delta from a hold rating to a buy rating and raised their price objective for the company from C$4.75 to C$5.00 in a research note on Monday, August 12th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of C$5.61.

Spartan Delta Stock Performance

Shares of SDE opened at C$3.65 on Friday. The firm has a market cap of C$632.18 million, a PE ratio of 4.40 and a beta of 1.52. The company has a debt-to-equity ratio of 30.43, a current ratio of 0.93 and a quick ratio of 0.66. The stock’s fifty day moving average price is C$3.89 and its two-hundred day moving average price is C$3.94. Spartan Delta has a 1 year low of C$2.63 and a 1 year high of C$4.52.

Spartan Delta (TSE:SDE) last posted its earnings results on Wednesday, August 7th. The company reported C$0.09 EPS for the quarter. The business had revenue of C$73.45 million during the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. On average, equities research analysts forecast that Spartan Delta will post 0.2899126 EPS for the current year.

Insider Transactions at Spartan Delta

In other Spartan Delta news, Senior Officer Martin Malek acquired 12,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average price of C$3.80 per share, for a total transaction of C$45,600.00. In other Spartan Delta news, Senior Officer Martin Malek acquired 12,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of C$3.80 per share, for a total transaction of C$45,600.00. Also, Senior Officer Ojay Platt sold 16,333 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$4.00, for a total value of C$65,332.00. Corporate insiders own 12.43% of the company’s stock.

About Spartan Delta

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.