Key Points
- Insider selling: Spartan Delta insider Robert John Day sold 6,191 shares on May 27 at an average price of C$11.91, worth about C$73,735. After the trade, he still held 90,284 shares, reducing his stake by 6.42%.
- Day also sold 2,390 shares earlier on May 12 at C$13.04 per share, suggesting a pattern of recent insider selling.
- Analyst sentiment remains positive: Despite the insider sales, Spartan Delta has a consensus rating of “Moderate Buy,” with nine Buy ratings and an average target price of C$13.52.
Spartan Delta Corp. (TSE:SDE - Get Free Report) insider Robert John Day sold 6,191 shares of the business's stock in a transaction on 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 directly owned 90,284 shares of the company's stock, valued at approximately C$1,075,282.44. This trade represents a 6.42% decrease in their ownership of the stock.
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 Price Performance
Shares of SDE opened at C$11.80 on Friday. Spartan Delta Corp. has a 1-year low of C$3.02 and a 1-year high of C$14.40. The stock has a market cap of C$2.39 billion, a PE ratio of 38.06 and a beta of 0.05. 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 fifty day moving average price of C$12.58 and a 200 day moving average price of C$9.97.
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 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. As a group, sell-side analysts anticipate that Spartan Delta Corp. will post 0.305004 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on SDE shares. TD Securities boosted their price objective on 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. TD boosted 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. ATB Cormark Capital Markets upgraded Spartan Delta from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$13.25 to C$17.00 in a research note on Wednesday, May 6th. BMO Capital Markets boosted their price objective on Spartan Delta from C$13.50 to C$16.00 and gave the company an "outperform" rating in a research note on Wednesday, May 6th. Finally, Ventum Financial boosted their price objective on Spartan Delta from C$10.50 to C$12.25 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$13.52.
Get Our Latest Analysis on Spartan Delta
Spartan Delta Company Profile
(
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.
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