Spartan Delta (TSE:SDE) Rating Increased to Strong-Buy at Ventum Cap Mkts

Spartan Delta (TSE:SDE) was upgraded by equities research analysts at Ventum Cap Mkts to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

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

Spartan Delta Trading Up 2.4 %

Shares of TSE:SDE opened at C$3.42 on Monday. The business’s 50 day moving average price is C$3.45 and its 200-day moving average price is C$3.52. Spartan Delta has a 1 year low of C$2.70 and a 1 year high of C$4.36. The firm has a market capitalization of C$684.95 million, a price-to-earnings ratio of 4.27 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.

Insider Transactions at Spartan Delta

In related news, Senior Officer Ojay Platt sold 20,333 shares of the business’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. Insiders own 12.43% of the company’s stock.

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.