Spartan Delta Corp. (TSE:SDE) Director Donald Archibald Sells 4,907 Shares

Spartan Delta Corp. (TSE:SDE) Director Donald Archibald sold 4,907 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$3.02, for a total transaction of C$14,819.14.

Spartan Delta Trading Up 1.7 %

Shares of TSE SDE opened at C$2.98 on Wednesday. The company’s 50 day simple moving average is C$3.63 and its 200 day simple moving average is C$3.59. Spartan Delta Corp. has a fifty-two week low of C$2.70 and a fifty-two week high of C$4.36. The firm has a market capitalization of C$596.82 million, a P/E ratio of 3.72 and a beta of 1.49. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. BMO Capital Markets decreased their price objective on shares of Spartan Delta from C$6.00 to C$5.00 in a research note on Friday, December 13th. National Bankshares upped their price objective on shares of Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Desjardins raised shares of Spartan Delta to a “moderate buy” rating in a research note on Thursday, January 30th. Scotiabank upped their target price on shares of Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. Finally, National Bank Financial upgraded shares of Spartan Delta to a “strong-buy” rating in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Spartan Delta has a consensus rating of “Strong Buy” and an average target price of C$6.29.

About Spartan Delta

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.