Spartan Energy Corp (SPE) Rating Reiterated by Scotiabank
Spartan Energy Corp (TSE:SPE)‘s stock had its “outperform” rating restated by analysts at Scotiabank in a report issued on Thursday. They presently have a C$4.50 target price on the stock. Scotiabank’s target price suggests a potential upside of 45.63% from the company’s previous close.
A number of other equities research analysts have also recently weighed in on the company. National Bank Financial decreased their price objective on Spartan Energy Corp from C$4.25 to C$4.00 in a research note on Wednesday, August 3rd. Dundee Securities upped their price objective on Spartan Energy Corp from C$4.00 to C$4.15 and gave the stock a “buy” rating in a research note on Wednesday, August 24th. Finally, TD Securities decreased their price objective on Spartan Energy Corp from C$5.00 to C$4.75 and set a “buy” rating for the company in a research note on Thursday, August 25th. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$4.14.
Spartan Energy Corp (TSE:SPE) opened at 3.09 on Thursday. The firm has a 50-day moving average price of $3.30 and a 200 day moving average price of $3.27. Spartan Energy Corp has a 12 month low of $1.85 and a 12 month high of $3.65. The stock’s market capitalization is $1.27 billion.
Spartan Energy Corp Company Profile
Spartan Energy Corp, formerly Alexander Energy Ltd is a Canada-based oil and natural gas exploration and production company with producing properties focused in Saskatchewan. The Company’s properties include Southeast Saskatchewan, West Central Saskatchewan and Alexander Alberta. The Southeast Saskatchewan property focuses on conventional Mississippian targets, primarily in the Frobisher/Alida and Midale formations.
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