Spartan Energy Corp Receives New Coverage from Analysts at National Bank Financial (SPE)
Stock analysts at National Bank Financial initiated coverage on shares of Spartan Energy Corp (CVE:SPE) in a report issued on Tuesday. The firm set an “outperform” rating and a C$5.00 price target on the stock. National Bank Financial’s target price points to a potential upside of 24.07% from the company’s current price.
Spartan Energy Corp (CVE:SPE) traded up 2.61% during mid-day trading on Tuesday, hitting $3.93. 1,488,316 shares of the company’s stock traded hands. Spartan Energy Corp has a 1-year low of $2.46 and a 1-year high of $4.44. The stock’s 50-day moving average is $3.97 and its 200-day moving average is $3.58. The company’s market cap is $869.9 million.
A number of other analysts have also recently weighed in on SPE. Analysts at NBF initiated coverage on shares of Spartan Energy Corp in a research note on Tuesday. They set an “outperform” rating and a C$5.00 price target on the stock. Separately, analysts at TD Securities raised their price target on shares of Spartan Energy Corp from C$5.00 to C$6.00 in a research note on Wednesday, June 18th. They now have a “buy” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Spartan Energy Corp from C$4.50 to C$5.00 in a research note on Friday, May 16th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a buy rating, Spartan Energy Corp presently has a consensus rating of “Buy” and an average price target of C$5.30.
Spartan Energy Corp, formerly Alexander Energy Ltd., is engaged in the exploration for and production of crude oil and natural gas in Canada.
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