Brokerages establish Spartan Delta Corp. (TSE:SDE) PT at $5.61

Spartan Delta Corp. (TSE:SDE – Get Free Report ) has received a consensus recommendation of “Buy” from the ten brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $5.61.

SDE has been the subject of several recent analyst reports. National Bankshares cut their price target on shares of Spartan Delta from $6.00 to $5.50 in a research note on Friday. Cormark raised shares of Spartan Delta to a “strong-buy” rating in a research report on Monday, September 23rd. CIBC upped their target price on Spartan Delta from $6.00 to $7.00 in a report on Monday, July 15th. Finally, Desjardins raised Spartan Delta from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $4.75 to $5.00 in a research note from Monday, August 12.

Read the latest stock report on SDE

Spartan Delta stocks rose 1.1%

Shares of TSE SDE opened at $3.69 on Friday. Spartan Delta has a 1 year low of $2.63 and a 1 year high of $4.52. The firm has a 50 day simple moving average of $3.88 and a two hundred day simple moving average of $3.95. The company has a market cap of $639.11 million, a P/E ratio of 4.45 and a beta of 1.52. The company has a debt-to-equity ratio of 30.43, a current ratio of 0.93, and a quick ratio of 0.66.

Spartan Delta (TSE:SDE – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. The company had revenue of $73.45 million during the quarter. research analysts anticipate that Spartan Delta will post 0.2899126 earnings per share for the current year.

Insider buying and selling

In other Spartan Delta news, COO Martin Malek acquired 12,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $3.80 per share, for a total transaction of $45,600.00. In related news, COO Ojay Platt sold 16,333 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $4.00, for a total value of $65,332.00. Also, COO Martin Malek acquired 12,000 shares of the stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $3.80 per share, with a total value of $45,600.00. 12.43% of shares are owned by company insiders.

About Spartan Delta

(Get a free report

Spartan Delta Corp. engages in the exploration, development and production of oil and natural gas reserves in Western Canada. Its assets are located in the 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 founded in 2006 and is headquartered in Calgary, Canada.

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