Ventum Financial Raises Spartan Delta (TSE:SDE) Price Target to C$12.25

Spartan Delta (TSE:SDE) had its price objective raised by Ventum Financial from C$10.50 to C$12.25 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial’s target price would suggest a potential upside of 17.56% from the stock’s current price.

A number of other brokerages have also issued reports on SDE. BMO Capital Markets upped their target price on shares of Spartan Delta from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. 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 report on Tuesday, January 6th. Desjardins lifted their price target on shares of Spartan Delta from C$8.00 to C$8.50 and gave the stock a “hold” rating in a research report on Tuesday, January 6th. Scotiabank increased their price objective on shares of Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Finally, National Bank Financial 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 note on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$10.75.

Spartan Delta Price Performance

SDE traded down C$0.06 during trading on Tuesday, hitting C$10.42. The company’s stock had a trading volume of 415,067 shares, compared to its average volume of 687,269. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49. The stock has a market capitalization of C$2.09 billion, a price-to-earnings ratio of 52.10 and a beta of 0.45. The firm’s 50 day moving average price is C$8.41 and its two-hundred day moving average price is C$6.81. Spartan Delta has a 12 month low of C$2.39 and a 12 month high of C$10.81.

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.