Spartan Delta Corp. (TSE:SDE) Receives Consensus Rating of "Strong Buy" from Analysts

Shares of Spartan Delta Corp. (TSE:SDE - Get Free Report) have received an average rating of "Strong Buy" from the seven ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$5.91.

Several research firms have recently commented on SDE. Scotiabank boosted their price target on shares of Spartan Delta from C$6.00 to C$7.50 in a report on Thursday, January 30th. Desjardins upgraded Spartan Delta to a "moderate buy" rating in a research note on Thursday, January 30th. CIBC cut their price target on Spartan Delta from C$7.00 to C$5.00 in a research note on Thursday, April 10th. Ventum Cap Mkts raised Spartan Delta to a "strong-buy" rating in a research note on Monday, March 31st. Finally, National Bank Financial raised shares of Spartan Delta to a "strong-buy" rating in a research report on Thursday, January 30th.

Insider Activity 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 value of C$61,405.66. Also, Senior Officer Martin Malek acquired 17,700 shares of the company's stock in a transaction dated Tuesday, April 8th. The stock was acquired at an average price of C$2.83 per share, for a total transaction of C$50,091.00. 12.43% of the stock is currently owned by company insiders.

Spartan Delta Stock Up 4.2 %

SDE traded up C$0.12 on Wednesday, reaching C$2.96. 271,917 shares of the company traded hands, compared to its average volume of 421,881. The company has a market cap of C$592.82 million, a price-to-earnings ratio of 3.69 and a beta of 1.49. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66. The stock's 50 day moving average price is C$3.17 and its 200-day moving average price is C$3.43. Spartan Delta has a 52-week low of C$2.39 and a 52-week high of C$4.36.

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.