Insider Selling: Spartan Delta (TSE:SDE) Insider Sells C$72,789.28 in Stock

Spartan Delta Corp. (TSE:SDE) insider Ojay Platt sold 5,582 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$13.04, for a total value of C$72,789.28. Following the completion of the transaction, the insider owned 122,307 shares in the company, valued at C$1,594,883.28. The trade was a 4.36% decrease in their position.

Spartan Delta Price Performance

Shares of TSE SDE opened at C$14.07 on Friday. Spartan Delta Corp. has a twelve month low of C$2.80 and a twelve month high of C$14.09. The stock’s 50 day moving average price is C$12.26 and its 200-day moving average price is C$9.54. The company has a market capitalization of C$2.85 billion, a PE ratio of 45.39 and a beta of 0.05. The company has a quick ratio of 0.66, a current ratio of 0.58 and a debt-to-equity ratio of 39.96.

Spartan Delta (TSE:SDE) last announced its earnings results on Tuesday, May 5th. The company reported C($0.07) earnings per share for the quarter. Spartan Delta had a return on equity of 9.84% and a net margin of 14.14%.The business had revenue of C$136.90 million during the quarter. On average, equities analysts anticipate that Spartan Delta Corp. will post 0.305004 EPS for the current year.

Wall Street Analyst Weigh In

SDE has been the topic of a number of research analyst reports. Scotiabank boosted their target price on Spartan Delta from C$8.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Ventum Capital upped their price objective on Spartan Delta from C$14.50 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Roth Mkm set a C$13.50 price objective on Spartan Delta and gave the company a “buy” rating in a research note on Wednesday, March 4th. National Bank Financial upped their price objective on Spartan Delta from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, TD upped their price objective on Spartan Delta from C$14.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$13.52.

About Spartan Delta

Spartan is committed to creating value for its shareholders, focused on sustainability in both operations and financial performance. The Company’s culture is centered on generating Free Funds Flow through responsible oil and gas exploration and development. The Company has established a portfolio of high-quality production and development opportunities in the Deep Basin and the Duvernay. Spartan will continue to focus on the execution of the Company’s organic drilling program across its portfolio, delivering operational synergies in a respectful and responsible manner in relation to the environment and communities it operates in.