TD Securities Boosts Spartan Delta (TSE:SDE) Price Target to C$12.00

Spartan Delta (TSE:SDE) had its price target raised by equities researchers at TD Securities from C$9.50 to C$12.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 15.16% from the company’s previous close.

Several other analysts have also commented on the stock. BMO Capital Markets raised their price target on shares of Spartan Delta from C$9.00 to C$11.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Ventum Financial raised their target price on Spartan Delta from C$10.50 to C$12.25 and gave the company a “buy” rating in a research report on Tuesday. Scotiabank upped their price target on Spartan Delta from C$8.00 to C$11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. National Bank Financial increased their price target on 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, Desjardins raised their price objective on Spartan Delta from C$8.00 to C$8.50 and gave the company a “hold” rating in a report on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$10.75.

Spartan Delta Stock Performance

Shares of TSE SDE traded down C$0.06 during midday trading on Tuesday, reaching C$10.42. 415,067 shares of the stock were exchanged, compared to its average volume of 687,269. The firm has a market cap of C$2.09 billion, a price-to-earnings ratio of 52.10 and a beta of 0.45. Spartan Delta has a twelve month low of C$2.39 and a twelve month high of C$10.81. The firm has a 50-day simple moving average of C$8.41 and a two-hundred day simple moving average of C$6.81. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49.

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.