Spartan Delta (TSE:SDE) Price Target Raised to C$17.00

by · The Cerbat Gem

Spartan Delta (TSE:SDE – Free Report) had its price target hoisted by TD from C$16.00 to C$17.00 in a research note released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also commented on SDE. BMO Capital Markets upped their price objective on shares of Spartan Delta from C$13.50 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Scotiabank raised shares of Spartan Delta to a “strong-buy” rating in a research report on Friday, June 26th. National Bank Financial boosted their price target on shares of Spartan Delta from C$15.50 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. ATB Cormark Capital Markets upgraded shares of Spartan Delta from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$13.25 to C$17.00 in a report on Wednesday, May 6th. Finally, Ventum Capital raised their price objective on shares of Spartan Delta from C$14.50 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Spartan Delta currently has an average rating of “Buy” and an average target price of C$13.84.

Get Our Latest Analysis on Spartan Delta

Spartan Delta Price Performance

Shares of TSE:SDE opened at C$11.90 on Thursday. The company has a market capitalization of C$2.41 billion, a PE ratio of 34.00 and a beta of 0.24. The company has a debt-to-equity ratio of 30.41, a quick ratio of 0.66 and a current ratio of 0.73. The stock has a fifty day moving average of C$11.70 and a 200-day moving average of C$11.35. Spartan Delta has a one year low of C$4.55 and a one year high of C$14.40.

Spartan Delta (TSE:SDE – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.20 earnings per share for the quarter. The business had revenue of C$166.14 million during the quarter. Spartan Delta had a return on equity of 10.71% and a net margin of 13.77%. As a group, equities analysts anticipate that Spartan Delta will post 0.305004 EPS for the current fiscal year.

Insider Activity

In other Spartan Delta news, insider Ojay Platt sold 5,582 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$13.04, for a total transaction of C$72,789.28. Following the completion of the sale, the insider directly owned 122,307 shares in the company, valued at approximately C$1,594,883.28. This trade represents a 4.36% decrease in their position. Also, insider Robert John Day sold 6,191 shares of Spartan Delta stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$11.91, for a total value of C$73,734.81. Following the transaction, the insider directly owned 90,284 shares in the company, valued at approximately C$1,075,282.44. This trade represents a 6.42% decrease in their position. Over the last three months, insiders sold 14,163 shares of company stock valued at $177,690. Company insiders own 12.43% of the company’s stock.

Spartan Delta Company Profile

(Get Free Report)

Spartan is committed to creating value for its shareholders, focused on sustainability in both operations and financial performance. The Company’s culture is centered on generating Free Funds Flow through responsible oil and gas exploration and development. The Company has established a portfolio of high-quality production and development opportunities in the Deep Basin and the Duvernay. Spartan will continue to focus on the execution of the Company’s organic drilling program across its portfolio, delivering operational synergies in a respectful and responsible manner in relation to the environment and communities it operates in.

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