Spartan Delta (TSE:SDE) Upgraded at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Spartan Delta (TSE:SDE) to a strong-buy rating in a report published on Monday,Zacks.com reports.

A number of other analysts have also commented on the company. Scotiabank lifted their price objective on Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. National Bankshares lifted 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 research report on Thursday, December 19th. Desjardins upgraded shares of Spartan Delta to a “moderate buy” rating in a report on Thursday, January 30th. National Bank Financial raised shares of Spartan Delta to a “strong-buy” rating in a report on Thursday, January 30th. Finally, Ventum Financial set a C$5.25 price target on Spartan Delta and gave the company a “buy” rating in a research note on Monday. Four research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus price target of C$6.16.

Spartan Delta Stock Down 0.3 %

Shares of SDE opened at C$3.41 on Monday. The business’s fifty day moving average price is C$3.44 and its two-hundred day moving average price is C$3.52. The firm has a market capitalization of C$682.94 million, a price-to-earnings ratio of 4.26 and a beta of 1.49. Spartan Delta has a 52 week low of C$2.70 and a 52 week high of C$4.36. 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 Activity at Spartan Delta

In related news, Senior Officer Ojay Platt sold 20,333 shares of the 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 transaction of C$61,405.66. 12.43% of the stock is owned by corporate insiders.

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.