Shares of Spartan Delta Corp. (TSE:SDE – Get Free Report) have received an average recommendation of “Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$13.75.
A number of equities research analysts recently weighed in on SDE shares. Desjardins set a C$13.50 price objective on Spartan Delta and gave the stock a “hold” rating in a research report on Friday, July 17th. BMO Capital Markets increased their target price on Spartan Delta from C$13.50 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. ATB Cormark Capital Markets raised Spartan Delta from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$13.25 to C$17.00 in a research note on Wednesday, May 6th. Scotiabank upgraded Spartan Delta to a “strong-buy” rating in a report on Friday, June 26th. Finally, TD upped their price objective on Spartan Delta from C$14.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th.
Get Our Latest Analysis on Spartan Delta
Spartan Delta Stock Performance
Spartan Delta (TSE:SDE – Get Free Report) last announced 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 return on equity of 9.84% and a net margin of 14.14%.The company had revenue of C$136.90 million for the quarter. On average, equities analysts forecast that Spartan Delta will post 0.305004 earnings per share for the current fiscal year.
Insider Activity at Spartan Delta
In other Spartan Delta news, insider Robert John Day sold 6,191 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 90,284 shares in the company, valued at approximately C$1,075,282.44. This represents a 6.42% decrease in their position. Also, insider Ojay Platt sold 5,582 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$13.04, for a total transaction of C$72,789.28. Following the transaction, the insider directly owned 122,307 shares of the company’s stock, valued at C$1,594,883.28. The trade was a 4.36% decrease in their position. Over the last quarter, insiders have sold 14,163 shares of company stock worth $177,690. 12.43% of the stock is owned by corporate insiders.
About Spartan Delta
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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