Spartan Delta Corp. (TSE:SDE) Receives Average Rating of “Strong Buy” from Brokerages

Shares of Spartan Delta Corp. (TSE:SDE) have received a consensus recommendation of “Strong Buy” from the six brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$6.29.

A number of equities research analysts have recently issued reports on the company. National Bank Financial raised Spartan Delta to a “strong-buy” rating in a research report on Thursday, January 30th. Scotiabank boosted their price objective on Spartan Delta from C$6.00 to C$7.50 in a report on Thursday, January 30th. National Bankshares raised their target price 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. Desjardins upgraded shares of Spartan Delta to a “moderate buy” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets decreased their price objective on shares of Spartan Delta from C$6.00 to C$5.00 in a research note on Friday, December 13th.

Spartan Delta Trading Up 1.5 %

Shares of TSE:SDE opened at C$3.33 on Friday. The stock has a market capitalization of C$666.92 million, a price-to-earnings ratio of 4.16 and a beta of 1.49. Spartan Delta has a 1-year low of C$2.70 and a 1-year high of C$4.36. The company has a 50 day moving average price of C$3.53 and a 200 day moving average price of C$3.54. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80.

Insider Buying and Selling at Spartan Delta

In other Spartan Delta news, Senior Officer Ojay Platt sold 20,333 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$3.02, for a total value of C$61,405.66. Company 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.