Spartan Delta (TSE:SDE) Hits New 1-Year Low – What’s Next?

Spartan Delta Corp. (TSE:SDE)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$2.58 and last traded at C$2.63, with a volume of 85602 shares changing hands. The stock had previously closed at C$2.75.

Analysts Set New Price Targets

A number of brokerages have commented on SDE. Ventum Cap Mkts upgraded Spartan Delta to a “strong-buy” rating in a research note on Monday, March 31st. Ventum Financial set a C$5.25 price target on Spartan Delta and gave the stock a “buy” rating in a report on Monday, March 31st. Scotiabank lifted their price objective on shares of Spartan Delta from C$6.00 to C$7.50 in a research note on Thursday, January 30th. Desjardins upgraded shares of Spartan Delta to a “moderate buy” rating in a research note on Thursday, January 30th. Finally, National Bank Financial raised shares of Spartan Delta to a “strong-buy” rating in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus price target of C$6.16.

Spartan Delta Trading Up 0.7 %

The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. The business’s 50 day moving average price is C$3.40 and its 200-day moving average price is C$3.51. The firm has a market cap of C$554.77 million, a price-to-earnings ratio of 3.46 and a beta of 1.49.

Insider Buying and Selling at Spartan Delta

In other Spartan Delta news, Senior Officer Ojay Platt sold 20,333 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$3.02, for a total value of C$61,405.66. 12.43% of the stock is owned by insiders.

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.