Spartan Delta (TSE:SDE) Given a C$5.25 Price Target by Ventum Financial Analysts

Spartan Delta (TSE:SDE) received a C$5.25 price target from research analysts at Ventum Financial in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Ventum Financial’s target price points to a potential upside of 56.72% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Desjardins raised shares of Spartan Delta to a “moderate buy” rating in a research note on Thursday, January 30th. National Bankshares boosted their price objective on Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Scotiabank lifted their target price on Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. National Bank Financial upgraded shares of Spartan Delta to a “strong-buy” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets lowered their price objective on shares of Spartan Delta from C$6.00 to C$5.00 in a research note on Friday, December 13th. Four analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$6.16.

Spartan Delta Trading Up 3.7 %

TSE SDE traded up C$0.12 on Monday, hitting C$3.35. 81,610 shares of the stock were exchanged, compared to its average volume of 414,880. The stock has a fifty day moving average price of C$3.47 and a two-hundred day moving average price of C$3.52. The firm has a market capitalization of C$670.93 million, a P/E ratio of 4.18 and a beta of 1.49. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. Spartan Delta has a 52-week low of C$2.70 and a 52-week high of C$4.36.

Insiders Place Their Bets

In other news, Senior Officer Ojay Platt sold 20,333 shares of Spartan Delta stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$3.02, for a total transaction of C$61,405.66. Corporate 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.