Spartan Delta (TSE:SDE) Given New C$8.00 Price Target at Desjardins

Spartan Delta (TSE:SDE) had its target price lifted by investment analysts at Desjardins from C$7.00 to C$8.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ target price would suggest a potential upside of 5.96% from the stock’s previous close.

Several other equities analysts have also recently commented on the company. Scotiabank boosted their target price on Spartan Delta from C$7.50 to C$8.00 in a research report on Thursday, October 9th. TD Securities boosted their price objective on Spartan Delta from C$7.00 to C$7.50 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, CIBC raised their target price on shares of Spartan Delta from C$6.25 to C$9.00 in a research note on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$6.96.

Spartan Delta Price Performance

TSE SDE traded up C$0.05 on Monday, hitting C$7.55. The stock had a trading volume of 321,305 shares, compared to its average volume of 404,615. The firm has a 50-day moving average of C$5.97 and a 200-day moving average of C$4.77. 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$7.73. The company has a market capitalization of C$1.51 billion, a price-to-earnings ratio of 37.75 and a beta of 0.29.

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.