Spartan Delta (TSE:SDE) Price Target Raised to C$11.00 at Desjardins

Spartan Delta (TSE:SDE) had its price target boosted by equities researchers at Desjardins from C$9.50 to C$11.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ target price indicates a potential upside of 5.57% from the stock’s current price.

SDE has been the subject of a number of other reports. Ventum Financial raised their price objective on Spartan Delta from C$10.50 to C$12.25 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank raised their price target on shares of Spartan Delta from C$8.00 to C$11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. TD Securities boosted their price objective on shares of Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a research report on Tuesday. National Bank Financial increased their target price on shares of Spartan Delta from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Finally, BMO Capital Markets lifted their target price on shares of Spartan Delta from C$9.00 to C$11.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$10.75.

Spartan Delta Stock Down 0.6%

Shares of Spartan Delta stock traded down C$0.06 during midday trading on Tuesday, hitting C$10.42. The company’s stock had a trading volume of 415,067 shares, compared to its average volume of 687,269. Spartan Delta has a 1-year low of C$2.39 and a 1-year high of C$10.81. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49. The firm has a market capitalization of C$2.09 billion, a P/E ratio of 52.10 and a beta of 0.45. The stock has a 50-day simple moving average of C$8.41 and a 200-day simple moving average of C$6.81.

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.