Spartan Delta (TSE:SDE) Price Target Raised to C$10.50

Spartan Delta (TSE:SDE) had its price target lifted by Ventum Financial from C$9.00 to C$10.50 in a report published on Wednesday,BayStreet.CA reports. Ventum Financial currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on SDE. Scotiabank upped their price objective on shares of Spartan Delta from C$8.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. CIBC upped their price target on Spartan Delta from C$6.25 to C$9.00 in a report on Wednesday, October 15th. Desjardins increased their price target on Spartan Delta from C$8.00 to C$8.50 and gave the stock a “hold” rating in a research report on Tuesday, January 6th. TD Securities boosted their price objective on Spartan Delta from C$7.50 to C$9.50 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Finally, BMO Capital Markets upped their target price on Spartan Delta from C$7.50 to C$9.00 in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$9.50.

Spartan Delta Trading Down 0.4%

Spartan Delta stock opened at C$9.16 on Wednesday. The firm has a market cap of C$1.84 billion, a PE ratio of 45.80 and a beta of 0.22. Spartan Delta has a 12 month low of C$2.39 and a 12 month high of C$9.39. The stock’s 50 day simple moving average is C$7.72 and its two-hundred day simple moving average is C$6.22. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49.

Spartan Delta Company Profile

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.