Spartan Delta (TSE:SDE) Given a C$5.25 Price Target at Ventum Financial

Ventum Financial set a C$5.25 price objective on Spartan Delta (TSE:SDE) in a research report report published on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the company. National Bankshares lifted their target price on Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Scotiabank raised their target price on shares of Spartan Delta from C$6.00 to C$7.50 in a report on Thursday, January 30th. Desjardins raised Spartan Delta to a “moderate buy” rating in a research report on Thursday, January 30th. National Bank Financial raised shares of Spartan Delta to a “strong-buy” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets reduced their target price on Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. Four investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$6.16.

Spartan Delta Price Performance

Shares of TSE SDE opened at C$3.34 on Monday. 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 cap of C$668.92 million, a P/E ratio of 4.17 and a beta of 1.49. The stock has a 50 day moving average of C$3.46 and a two-hundred day moving average of C$3.52. Spartan Delta has a twelve month low of C$2.70 and a twelve month high of C$4.36.

Insider Transactions at Spartan Delta

In other news, Senior Officer Ojay Platt sold 20,333 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$3.02, for a total transaction of C$61,405.66. Company insiders own 12.43% of the company’s stock.

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.