Spartan Delta Corp. (TSE:SDE – Get Free Report) insider Robert John Day sold 6,191 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$11.91, for a total transaction of C$73,734.81. Following the completion of the sale, the insider owned 90,284 shares of the company’s stock, valued at C$1,075,282.44. The trade was a 6.42% decrease in their position.
Robert John Day also recently made the following trade(s):
- On Tuesday, May 12th, Robert John Day sold 2,390 shares of Spartan Delta stock. The shares were sold at an average price of C$13.04, for a total transaction of C$31,165.60.
Spartan Delta Trading Down 0.8%
SDE opened at C$11.70 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.66 and a debt-to-equity ratio of 39.96. The stock has a market capitalization of C$2.37 billion, a PE ratio of 37.74 and a beta of 0.05. Spartan Delta Corp. has a 1-year low of C$3.02 and a 1-year high of C$14.40. The firm has a 50-day moving average price of C$12.57 and a two-hundred day moving average price of C$9.99.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Ventum Capital raised their target price on shares of Spartan Delta from C$14.50 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. ATB Cormark Capital Markets raised shares of Spartan Delta from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$13.25 to C$17.00 in a research note on Wednesday, May 6th. TD Securities raised their target price on shares of Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. National Bank Financial raised their target price on shares of Spartan Delta from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Desjardins raised their target price on shares of Spartan Delta from C$9.50 to C$11.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$13.52.
Get Our Latest Stock Analysis on SDE
Spartan Delta Company Profile
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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