Spartan Delta (TSE:SDE) Price Target Raised to C$12.25

Spartan Delta (TSE:SDE) had its price objective hoisted by Ventum Financial from C$10.50 to C$12.25 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on SDE. BMO Capital Markets lifted their target price on Spartan Delta from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Scotiabank increased their price target on Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. TD Securities lifted their price target on Spartan Delta from C$7.50 to C$9.50 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. National Bank Financial boosted their price objective on Spartan Delta from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Finally, Desjardins upped their price objective on shares of Spartan Delta from C$8.00 to C$8.50 and gave the company a “hold” rating in a research note on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.75.

Spartan Delta Trading Up 3.8%

Shares of TSE:SDE opened at C$10.54 on Tuesday. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. The stock has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 52.70 and a beta of 0.45. Spartan Delta has a 1-year low of C$2.39 and a 1-year high of C$10.81. The company has a 50 day moving average price of C$8.62 and a 200 day moving average price of C$6.90.

About Spartan Delta

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.