Spartan Delta (TSE:SDE) Price Target Raised to C$8.00

Spartan Delta (TSE:SDE) had its price target raised by Desjardins from C$7.00 to C$8.00 in a report published on Monday,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other equities analysts also recently issued reports on SDE. CIBC raised their price objective on Spartan Delta from C$6.25 to C$9.00 in a research report on Wednesday, October 15th. TD Securities upped their target price on Spartan Delta from C$7.00 to C$7.50 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Scotiabank raised their price target on shares of Spartan Delta from C$7.50 to C$8.00 in a report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Spartan Delta currently has an average rating of “Buy” and a consensus target price of C$6.96.

Spartan Delta Stock Performance

TSE SDE opened at C$7.22 on Monday. The company has a market capitalization of C$1.45 billion, a price-to-earnings ratio of 36.10 and a beta of 0.29. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49. Spartan Delta has a twelve month low of C$2.39 and a twelve month high of C$7.73. The stock has a fifty day simple moving average of C$6.10 and a 200 day simple moving average of C$4.86.

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.