Spartan Delta (TSE:SDE) Stock Price Expected to Rise, Desjardins Analyst Says

Spartan Delta (TSE:SDE) had its price target raised by research analysts at Desjardins from C$7.00 to C$8.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price objective points to a potential upside of 8.25% from the company’s previous close.

Several other analysts also recently issued reports on the company. TD Securities boosted their price target on Spartan Delta from C$7.00 to C$7.50 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Scotiabank upped their price target on shares of Spartan Delta from C$7.50 to C$8.00 in a research note on Thursday, October 9th. Finally, CIBC raised their price target on shares of Spartan Delta from C$6.25 to C$9.00 in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$6.96.

Spartan Delta Trading Down 3.3%

Shares of SDE stock opened at C$7.39 on Monday. Spartan Delta has a 12-month low of C$2.39 and a 12-month high of C$7.73. The company has a market capitalization of C$1.48 billion, a PE ratio of 36.95 and a beta of 0.29. The firm has a 50 day moving average price of C$6.06 and a two-hundred day moving average price of C$4.84. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49.

About Spartan Delta

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.