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

Spartan Delta (TSE:SDE) had its target price boosted by stock analysts at National Bankshares from C$7.50 to C$9.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 16.13% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Scotiabank increased their target price on shares of Spartan Delta from C$7.50 to C$8.00 in a report on Thursday, October 9th. CIBC boosted their price objective on shares of Spartan Delta from C$6.25 to C$9.00 in a research report on Wednesday, October 15th. BMO Capital Markets upped their target price on Spartan Delta from C$7.50 to C$9.00 in a research report on Tuesday. Desjardins raised their price objective on shares of Spartan Delta from C$7.00 to C$8.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. Finally, Ventum Financial raised their price target on Spartan Delta from C$7.00 to C$9.00 and gave the stock a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Spartan Delta has an average rating of “Buy” and an average price target of C$8.86.

Spartan Delta Trading Up 2.2%

Shares of TSE SDE traded up C$0.17 during midday trading on Tuesday, reaching C$7.75. 1,171,600 shares of the stock were exchanged, compared to its average volume of 713,290. Spartan Delta has a twelve month low of C$2.39 and a twelve month high of C$8.08. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. The stock has a market capitalization of C$1.55 billion, a P/E ratio of 38.75 and a beta of 0.22. The company has a 50 day simple moving average of C$7.15 and a 200 day simple moving average of C$5.67.

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.