Analysts Set Spartan Delta Corp. (TSE:SDE) Price Target at C$6.29

Spartan Delta Corp. (TSE:SDE - Get Free Report) has received a consensus recommendation of "Strong Buy" from the six analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$6.29.

Several equities research analysts have commented on the stock. Scotiabank boosted their price target on shares of Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. Desjardins raised Spartan Delta to a "moderate buy" rating in a research report on Thursday, January 30th. BMO Capital Markets reduced their price target on shares of Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. National Bank Financial raised shares of Spartan Delta to a "strong-buy" rating in a research note on Thursday, January 30th. Finally, National Bankshares raised their price target on Spartan Delta from C$5.75 to C$6.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th.

Spartan Delta Price Performance

Shares of TSE SDE traded up C$0.05 during mid-day trading on Friday, reaching C$3.44. 400,204 shares of the company traded hands, compared to its average volume of 435,792. The firm has a market cap of C$688.95 million, a PE ratio of 4.29 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. Spartan Delta has a fifty-two week low of C$2.70 and a fifty-two week high of C$4.36. The stock has a fifty day simple moving average of C$3.52 and a 200-day simple moving average of C$3.54.

Insider Buying and Selling

In other news, Senior Officer Ojay Platt sold 20,333 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were 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.