Spartan Delta (TSE:SDE) Price Target Raised to C$11.00

Spartan Delta (TSE:SDE) had its price target boosted by BMO Capital Markets from C$9.00 to C$11.00 in a research note published on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently commented on SDE. TD Securities increased their target price on shares of Spartan Delta from C$7.50 to C$9.50 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Scotiabank raised their price target on Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. National Bank Financial upped their price objective on shares of Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Ventum Financial increased their price objective on shares of Spartan Delta from C$9.00 to C$10.50 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Spartan Delta from C$6.25 to C$9.00 in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Spartan Delta presently has a consensus rating of “Buy” and a consensus target price of C$9.79.

Spartan Delta Stock Up 1.3%

Shares of Spartan Delta stock opened at C$9.68 on Wednesday. The firm has a market cap of C$1.94 billion, a PE ratio of 48.40 and a beta of 0.45. The business’s 50 day simple moving average is C$8.10 and its 200 day simple moving average is C$6.56. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. Spartan Delta has a 52-week low of C$2.39 and a 52-week high of C$10.00.

About Spartan Delta

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.