Spartan Delta (TSE:SDE) Upgraded by Ventum Cap Mkts to Strong-Buy Rating

Ventum Cap Mkts upgraded shares of Spartan Delta (TSE:SDE) to a strong-buy rating in a report published on Monday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on SDE. National Bankshares upped their price target on Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. National Bank Financial upgraded shares of Spartan Delta to a “strong-buy” rating in a research note on Thursday, January 30th. Ventum Financial set a C$5.25 price target on shares of Spartan Delta and gave the stock a “buy” rating in a research note on Monday. Desjardins raised shares of Spartan Delta to a “moderate buy” rating in a research report on Thursday, January 30th. Finally, Scotiabank raised their target price on Spartan Delta from C$6.00 to C$7.50 in a research note on Thursday, January 30th. Four analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus price target of C$6.16.

Spartan Delta Price Performance

Shares of TSE SDE opened at C$3.42 on Monday. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66. Spartan Delta has a 1-year low of C$2.70 and a 1-year high of C$4.36. The company has a market capitalization of C$684.95 million, a price-to-earnings ratio of 4.27 and a beta of 1.49. The business has a 50-day moving average of C$3.45 and a 200-day moving average of C$3.52.

Insider Transactions at Spartan Delta

In other news, Senior Officer Ojay Platt sold 20,333 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$3.02, for a total value of C$61,405.66. Insiders own 12.43% of the company’s stock.

Spartan Delta Company Profile

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. The company operates and focuses its activities on Peace River Arch and Central Alberta.