Spartan Delta (TSE:SDE) Given New C$8.50 Price Target at Desjardins

Spartan Delta (TSE:SDE) had its target price increased by stock analysts at Desjardins from C$8.00 to C$8.50 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price target indicates a potential upside of 9.68% from the company’s current price.

Several other research firms have also issued reports on SDE. BMO Capital Markets upped their target price on Spartan Delta from C$7.50 to C$9.00 in a report on Tuesday. CIBC upped their price objective on Spartan Delta from C$6.25 to C$9.00 in a research note on Wednesday, October 15th. Scotiabank lifted their target price on Spartan Delta from C$7.50 to C$8.00 in a research note on Thursday, October 9th. National Bankshares increased their price target on shares of Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Ventum Financial raised their price objective on shares of Spartan Delta from C$7.00 to C$9.00 and gave the stock a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$8.86.

Spartan Delta Stock Up 2.2%

Spartan Delta stock traded up C$0.17 during midday trading on Tuesday, hitting C$7.75. 1,171,600 shares of the stock were exchanged, compared to its average volume of 713,290. Spartan Delta has a 52-week low of C$2.39 and a 52-week high of C$8.08. 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 business’s 50-day moving average price is C$7.15 and its 200-day moving average price is C$5.67. The stock has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 38.75 and a beta of 0.22.

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.