Spartan Delta (TSE:SDE – Get Free Report) was upgraded by Cormark to a “strong-buy” rating in a research report issued on Monday, Zacks.com reports.
A number of other research analysts have also recently issued reports on SDE. CIBC lifted their price objective on shares of Spartan Delta from C$6.00 to C$7.00 in a research note on Monday, July 15th. Desjardins raised shares of Spartan Delta from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$4.75 to C$5.00 in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$5.67.
Read Our Latest Stock Analysis on Spartan Delta
Spartan Delta Stock Up 2.0 %
Spartan Delta (TSE:SDE – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported C$0.09 EPS for the quarter. The company had revenue of C$73.45 million for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. Equities research analysts forecast that Spartan Delta will post 0.2986497 EPS for the current year.
Insider Buying and Selling at Spartan Delta
In other news, Senior Officer Ojay Platt sold 16,333 shares of Spartan Delta stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$4.00, for a total transaction of C$65,332.00. In other news, Senior Officer Ojay Platt sold 16,333 shares of Spartan Delta stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$4.00, for a total transaction of C$65,332.00. Also, Senior Officer Martin Malek purchased 12,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average price of C$3.80 per share, for a total transaction of C$45,600.00. Company insiders own 12.44% of the company’s stock.
Spartan Delta Company Profile
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.
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