Spartan Delta (TSE:SDE) Price Target Lowered to C$5.50 at National Bankshares

Spartan Delta (TSE:SDE) had its target price reduced by National Bankshares from C$6.00 to C$5.50 in a research note issued to investors on Friday, BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on the stock. Desjardins raised shares of Spartan Delta from a hold rating to a buy rating and upped their price target for the stock from C$4.75 to C$5.00 in a research note on Monday, August 12th. CIBC lifted their price target on shares of Spartan Delta from C$6.00 to C$7.00 in a research report on Monday, July 15th. Finally, Cormark upgraded Spartan Delta to a strong-buy rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Spartan Delta currently has an average rating of Buy and a consensus target price of C$5.61.

Spartan Delta Stock Performance

Shares of SDE opened at C$3.65 on Friday. The stock has a market capitalization of C$632.18 million, a PE ratio of 4.40 and a beta of 1.52. The stock has a 50-day simple moving average of C$3.89 and a 200-day simple moving average of C$3.94. The company has a debt-to-equity ratio of 30.43, a quick ratio of 0.66 and a current ratio of 0.93. Spartan Delta has a 1 year low of C$2.63 and a 1 year high of C$4.52.

Spartan Delta (TSE:SDE) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.09 EPS for the quarter. The firm had revenue of C$73.45 million during the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. On average, analysts predict that Spartan Delta will post 0.2899126 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Ojay Platt sold 16,333 shares of the company’s stock in a transaction on 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 other Spartan Delta news, Senior Officer Ojay Platt sold 16,333 shares of the firm’s stock in a transaction dated 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 the stock in a transaction dated Friday, September 13th. The shares were acquired at an average price of C$3.80 per share, for a total transaction of C$45,600.00. Corporate insiders own 12.43% of the company’s stock.

About Spartan Delta

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.