Spartan Delta (TSE:SDE) PT Set at C$13.50 by Roth Mkm

Spartan Delta (TSE:SDE) received a C$13.50 price objective from research analysts at Roth Mkm in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price target suggests a potential upside of 25.70% from the stock’s previous close.

SDE has been the topic of several other research reports. TD Securities boosted their price target on shares of Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Desjardins raised their price target on shares of Spartan Delta from C$9.50 to C$11.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. Scotiabank upped their price objective on Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. BMO Capital Markets raised their target price on Spartan Delta from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Finally, National Bank Financial upped 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. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Spartan Delta currently has an average rating of “Moderate Buy” and an average target price of C$11.09.

Spartan Delta Price Performance

SDE traded down C$0.04 during trading on Wednesday, reaching C$10.74. The company’s stock had a trading volume of 165,684 shares, compared to its average volume of 859,925. The company has a quick ratio of 0.66, a current ratio of 0.87 and a debt-to-equity ratio of 29.03. The firm has a fifty day simple moving average of C$8.84 and a two-hundred day simple moving average of C$7.05. The company has a market cap of C$2.15 billion, a price-to-earnings ratio of 53.70 and a beta of 0.45. Spartan Delta has a 1 year low of C$2.39 and a 1 year high of C$11.59.

About Spartan Delta

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.