TD Securities Forecasts Strong Price Appreciation for Spartan Delta (TSE:SDE) Stock

Spartan Delta (TSE:SDE) had its target price upped by equities researchers at TD Securities from C$7.50 to C$9.50 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 30.85% from the stock’s previous close.

Several other analysts have also recently issued reports on SDE. Scotiabank increased their price target on shares of Spartan Delta from C$7.50 to C$8.00 in a research report on Thursday, October 9th. CIBC upped their target price on shares of Spartan Delta from C$6.25 to C$9.00 in a research note on Wednesday, October 15th. Finally, Desjardins raised their price target on shares of Spartan Delta from C$7.00 to C$8.00 and gave the company a “hold” rating in a research report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Spartan Delta presently has an average rating of “Buy” and a consensus price target of C$8.86.

Spartan Delta Price Performance

SDE opened at C$7.26 on Tuesday. The stock’s 50-day moving average price is C$7.21 and its 200 day moving average price is C$5.71. Spartan Delta has a 12-month low of C$2.39 and a 12-month high of C$8.08. The firm 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 current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49.

Key Spartan Delta News

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.