Shares of Spartan Delta Corp. (TSE:SDE - Get Free Report) were down 4.3% on Monday . The company traded as low as C$3.33 and last traded at C$3.33. Approximately 272,358 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 272,886 shares. The stock had previously closed at C$3.48.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on SDE. Cormark upgraded shares of Spartan Delta to a "strong-buy" rating in a research note on Monday, September 23rd. Desjardins upgraded Spartan Delta from a "hold" rating to a "buy" rating and lifted their price target for the company from C$4.75 to C$5.00 in a research note on Monday, August 12th. National Bankshares dropped their target price on shares of Spartan Delta from C$6.00 to C$5.50 in a research report on Friday, September 27th. Finally, CIBC upped their target price on shares of Spartan Delta from C$6.00 to C$7.00 in a report on Monday, July 15th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Spartan Delta presently has a consensus rating of "Buy" and an average target price of C$5.61.
View Our Latest Stock Report on Spartan Delta
Spartan Delta Trading Up 2.7 %
The firm's 50 day simple moving average is C$3.82 and its 200-day simple moving average is C$3.96. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 30.43. The company has a market capitalization of C$592.34 million, a PE ratio of 4.12 and a beta of 1.49.
Spartan Delta (TSE:SDE - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported C$0.09 earnings per share 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 C$73.45 million during the quarter. As a group, equities research analysts anticipate that Spartan Delta Corp. will post 0.305004 EPS for the current year.
Insider Transactions at Spartan Delta
In related news, Senior Officer Ojay Platt sold 16,333 shares of Spartan Delta stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$4.00, for a total value of C$65,332.00. In related news, Senior Officer Ojay Platt sold 16,333 shares of the company's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$4.00, for a total value of C$65,332.00. Also, Senior Officer Martin Malek purchased 12,000 shares of Spartan Delta stock in a transaction on Friday, September 13th. The stock was bought at an average cost of C$3.80 per share, with a total value of C$45,600.00. Company insiders own 12.43% of the company's stock.
About Spartan Delta
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Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in 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 incorporated in 2006 and is headquartered in Calgary, Canada.
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