Spartan Delta (TSE:SDE) Given New C$11.00 Price Target at Scotiabank

Spartan Delta (TSE:SDE) had its price target increased by analysts at Scotiabank from C$8.00 to C$11.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 27.61% from the company’s current price.

A number of other equities research analysts have also commented on SDE. National Bankshares increased their price target on Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. BMO Capital Markets increased their price objective on shares of Spartan Delta from C$7.50 to C$9.00 in a research note on Tuesday, January 6th. Desjardins upped their target price on Spartan Delta from C$8.00 to C$8.50 and gave the company a “hold” rating in a report on Tuesday, January 6th. CIBC increased their price target on Spartan Delta from C$6.25 to C$9.00 in a research report on Wednesday, October 15th. Finally, TD Securities boosted their price objective on Spartan Delta from C$7.50 to C$9.50 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given 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 a consensus price target of C$9.29.

Spartan Delta Stock Up 2.1%

Shares of SDE traded up C$0.18 on Wednesday, reaching C$8.62. The company’s stock had a trading volume of 308,013 shares, compared to its average volume of 727,571. Spartan Delta has a twelve month low of C$2.39 and a twelve month high of C$8.71. The stock has a market capitalization of C$1.73 billion, a PE ratio of 43.10 and a beta of 0.22. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. The firm has a fifty day moving average of C$7.45 and a 200-day moving average of C$5.99.

Spartan Delta Company Profile

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.