Spartan Delta (TSE:SDE) Insider Robert John Day Sells 2,390 Shares

Spartan Delta Corp. (TSE:SDE – Get Free Report) insider Robert John Day sold 2,390 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$13.04, for a total value of C$31,165.60. Following the completion of the sale, the insider directly owned 83,609 shares in the company, valued at C$1,090,261.36. This represents a 2.78% decrease in their position.

Spartan Delta Price Performance

SDE stock opened at C$13.37 on Friday. The company has a debt-to-equity ratio of 39.96, a current ratio of 0.58 and a quick ratio of 0.66. The firm has a market capitalization of C$2.71 billion, a P/E ratio of 43.13 and a beta of 0.05. The business’s 50-day moving average is C$12.19 and its two-hundred day moving average is C$9.50. Spartan Delta Corp. has a 1 year low of C$2.77 and a 1 year high of C$14.00.

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Spartan Delta (TSE:SDE – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C($0.07) earnings per share (EPS) for the quarter. Spartan Delta had a net margin of 14.14% and a return on equity of 9.84%. The company had revenue of C$136.90 million during the quarter. Analysts anticipate that Spartan Delta Corp. will post 0.305004 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. ATB Cormark Capital Markets upgraded Spartan Delta from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$13.25 to C$17.00 in a report on Wednesday, May 6th. TD increased their price objective on Spartan Delta from C$14.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. TD Securities increased their price objective on Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Ventum Financial increased their price objective on Spartan Delta from C$10.50 to C$12.25 and gave the company a “buy” rating in a report on Tuesday, February 24th. Finally, Scotiabank increased their price objective on Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$13.52.

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About Spartan Delta

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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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