Key Points
- Insider sale: Spartan Delta insider Robert John Day sold 2,390 shares at C$13.04 each, totaling C$31,165.60. After the transaction, he still held 83,609 shares.
- Stock and financial snapshot: SDE opened at C$13.37, near its 52-week high of C$14.00, and has surged well above its 200-day moving average of C$9.50. The company reported a quarterly loss of C($0.07) per share on revenue of C$136.9 million.
- Analyst sentiment remains positive: Wall Street coverage is broadly bullish, with nine Buy ratings and one Hold. The consensus rating is Moderate Buy, with an average price target of C$13.52.
Spartan Delta Corp. (TSE:SDE - Get Free Report) insider Robert John Day sold 2,390 shares of Spartan Delta stock in a transaction that occurred on 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 transaction, the insider owned 83,609 shares in the company, valued at C$1,090,261.36. This trade represents a 2.78% decrease in their ownership of the stock.
Spartan Delta Trading Down 0.1%
Shares of SDE stock opened at C$13.37 on Friday. 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 twelve month low of C$2.77 and a twelve month high of C$14.00. The company has a market capitalization of C$2.71 billion, a P/E ratio of 43.13 and a beta of 0.05. The company has a current ratio of 0.58, a quick ratio of 0.66 and a debt-to-equity ratio of 39.96.
Spartan Delta (TSE:SDE - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported C($0.07) earnings per share 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. Equities analysts forecast that Spartan Delta Corp. will post 0.305004 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on SDE. Roth Mkm set a C$13.50 target price on Spartan Delta and gave the company a "buy" rating in a research note on Wednesday, March 4th. National Bank Financial lifted their target price on 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. Scotiabank raised their price target 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. Ventum Financial raised their price target 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, ATB Cormark Capital Markets raised Spartan Delta from a "sector perform" rating to an "outperform" rating and raised their price target for the company from C$13.25 to C$17.00 in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Spartan Delta presently has an average rating of "Moderate Buy" and an average price target of C$13.52.
Read Our Latest Stock Analysis on SDE
About Spartan Delta
(
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.
Further Reading
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