Spartan Delta Corp. (TSE:SDE) Receives C$6.29 Consensus Target Price from Brokerages

Spartan Delta Corp. (TSE:SDE) has earned a consensus recommendation of “Strong Buy” from the six brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$6.29.

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

Insiders Place Their Bets

In other Spartan Delta news, Senior Officer Ojay Platt sold 20,333 shares of the business’s stock in a transaction that occurred on 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 insiders.

Spartan Delta Trading Down 0.9 %

Spartan Delta stock opened at C$3.41 on Friday. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. The stock has a market cap of C$682.94 million, a PE ratio of 4.26 and a beta of 1.49. The stock has a 50-day moving average of C$3.50 and a two-hundred day moving average of C$3.53. Spartan Delta has a one year low of C$2.70 and a one year high of C$4.36.

Spartan Delta Company Profile

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.