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

Spartan Delta (TSE:SDE) had its price objective lifted 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 suggests a potential upside of 17.08% from the stock’s previous close.

Several other equities analysts have also issued reports on SDE. BMO Capital Markets upped their price target on Spartan Delta from C$7.50 to C$9.00 in a research note on Tuesday. Ventum Financial lifted their target price 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. National Bankshares upped their target price 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. TD Securities increased their price target on Spartan Delta from C$7.50 to C$9.50 and gave the company a “buy” rating in a research note on Tuesday. Finally, CIBC lifted their price objective on Spartan Delta from C$6.25 to C$9.00 in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$8.86.

Spartan Delta Stock Down 3.7%

TSE:SDE opened at C$7.26 on Tuesday. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of 36.30 and a beta of 0.22. 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’s fifty day moving average price is C$7.21 and its two-hundred day moving average price is C$5.71. Spartan Delta has a 52-week low of C$2.39 and a 52-week high of C$8.08.

Key Stories Impacting Spartan Delta

Here are the key news stories impacting Spartan Delta this week:

• Positive Sentiment: Major analyst upgrades and higher price targets: TD Securities raised its target to C$9.50 and kept a Buy rating (≈26% upside from the cited reference price). BayStreet.CA
• Positive Sentiment: BMO Capital Markets lifted its target to C$9.00, signaling additional upside and institutional support. BayStreet.CA
• Positive Sentiment: Ventum Financial raised its target to C$9.00 and reiterated a Buy rating, and National Bankshares raised to C$9.00 with an Outperform — several shops now seeing ~19%+ upside. Tickerreport.com BayStreet.CA
• Positive Sentiment: CIBC World Markets published a forecast implying roughly 20% upside, providing a prominent research endorsement that could attract buyers. Article Title
• Positive Sentiment: Company operational outlook: Spartan Delta outlined 2026 spending plans aimed at lifting production, which supports revenue/volume growth expectations if execution stays on track. MarketWatch
• Neutral Sentiment: Desjardins raised its target to C$8.50 but kept a Hold rating, signaling some analyst caution despite higher targets. BayStreet.CA
• Negative Sentiment: Balance-sheet and valuation headwinds: Spartan Delta shows low liquidity ratios (current ~0.80, quick ~0.66), a high debt-to-equity figure, and an elevated P/E (~36x). These metrics can cap upside and make the stock sensitive to execution risk and commodity/market volatility — likely reasons for the intraday pullback despite bullish research.

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.