TD Securities Increases Spartan Energy Corp (SPE) Price Target to C$4.50
Spartan Energy Corp (TSE:SPE) had its price target upped by analysts at TD Securities from C$4.25 to C$4.50 in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 45.63% from the stock’s current price.
Several other brokerages also recently commented on SPE. Scotiabank upped their target price on shares of Spartan Energy Corp from C$4.35 to C$4.50 and gave the company an “outperform” rating in a research note on Thursday, August 25th. National Bank Financial reaffirmed an “outperform” rating and issued a C$4.00 target price on shares of Spartan Energy Corp in a research note on Wednesday, August 24th. Finally, Dundee Securities upped their price target on shares of Spartan Energy Corp from C$4.00 to C$4.15 and gave the company a “buy” rating in a report on Wednesday, August 24th. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of C$4.14.
Spartan Energy Corp (TSE:SPE) opened at 3.09 on Thursday. The company has a 50-day moving average of $3.30 and a 200 day moving average of $3.27. Spartan Energy Corp has a one year low of $1.85 and a one year high of $3.65. The company’s market cap 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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