Robert John Day Sells 6,191 Shares of Spartan Delta (TSE:SDE) Stock

Spartan Delta Corp. (TSE:SDE) insider Robert John Day sold 6,191 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$11.91, for a total value of C$73,734.81. Following the completion of the sale, the insider owned 90,284 shares of the company’s stock, valued at C$1,075,282.44. The trade was a 6.42% decrease in their ownership of the stock.

Robert John Day also recently made the following trade(s):

• On Tuesday, May 12th, Robert John Day sold 2,390 shares of Spartan Delta stock. The shares were sold at an average price of C$13.04, for a total value of C$31,165.60.

Spartan Delta Stock Performance

TSE SDE opened at C$11.70 on Friday. The company has a market capitalization of C$2.37 billion, a price-to-earnings ratio of 37.74 and a beta of 0.05. Spartan Delta Corp. has a twelve month low of C$3.02 and a twelve month high of C$14.40. The stock has a fifty day simple moving average of C$12.57 and a 200 day simple moving average of C$9.99. 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 posted its quarterly earnings data on Tuesday, May 5th. The company reported C($0.07) earnings per share for the quarter. The company had revenue of C$136.90 million during the quarter. Spartan Delta had a net margin of 14.14% and a return on equity of 9.84%. Sell-side analysts expect that Spartan Delta Corp. will post 0.305004 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Ventum Financial increased their price target on Spartan Delta from C$10.50 to C$12.25 and gave the stock a “buy” rating in a report on Tuesday, February 24th. TD Securities increased their price target on Spartan Delta from C$9.50 to C$12.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Roth Mkm set a C$13.50 price target on Spartan Delta and gave the stock a “buy” rating in a report on Wednesday, March 4th. BMO Capital Markets increased their price target on Spartan Delta from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Finally, Ventum Capital increased their price target on Spartan Delta from C$14.50 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$13.52.

Spartan Delta Company Profile

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.