Spartan Delta (TSE:SDE) Price Target Raised to C$9.00

Spartan Delta (TSE:SDE) had its price target boosted by Ventum Financial from C$7.00 to C$9.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

SDE has been the subject of a number of other reports. TD Securities raised their target price on shares of Spartan Delta from C$7.50 to C$9.50 and gave the company a “buy” rating in a report on Tuesday. Desjardins increased their price objective on shares of Spartan Delta from C$7.00 to C$8.00 and gave the company a “hold” rating in a research report on Monday, November 24th. CIBC lifted their price objective on shares of Spartan Delta from C$6.25 to C$9.00 in a research note on Wednesday, October 15th. Scotiabank increased their price target on shares of Spartan Delta from C$7.50 to C$8.00 in a report on Thursday, October 9th. Finally, BMO Capital Markets lifted their price target on Spartan Delta from C$7.50 to C$9.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$8.86.

Spartan Delta Stock Performance

TSE SDE opened at C$7.29 on Tuesday. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66. Spartan Delta has a 1-year low of C$2.39 and a 1-year high of C$8.08. The business has a 50 day simple moving average of C$7.23 and a two-hundred day simple moving average of C$5.72. The stock has a market capitalization of C$1.46 billion, a PE ratio of 36.45 and a beta of 0.22.

Spartan Delta Company Profile

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.