Spartan Delta (TSE:SDE) Price Target Increased to C$16.00 by Analysts at CIBC

Spartan Delta (TSE:SDE – Get Rating) had its price objective raised by CIBC from C$11.00 to C$16.00 in a report issued on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on SDE. Scotiabank lifted their price target on Spartan Delta from C$14.00 to C$17.00 in a research note on Tuesday, March 8th. ATB Capital upped their target price on Spartan Delta from C$8.25 to C$9.50 in a report on Wednesday, February 16th. Raymond James upped their price objective on Spartan Delta from C$10.00 to C$13.00 and gave the company an outperform rating in a research report on Friday, March 25th. National Bankshares decreased their target price on Spartan Delta from C$18.00 to C$14.50 in a report on Thursday. Finally, BMO Capital Markets raised their price objective on Spartan Delta from C$8.00 to C$9.50 in a research report on Wednesday, March 9th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of C$13.25.

SDE stock opened at C$11.13 on Thursday. The company has a market capitalization of C$1.76 billion and a PE ratio of 4.45. Spartan Delta has a twelve month low of C$3.92 and a twelve month high of C$11.65. The company has a debt-to-equity ratio of 49.89, a quick ratio of 0.40 and a current ratio of 0.45.

Spartan Delta (TSE:SDE – Get Rating) last released its earnings results on Tuesday, March 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.38 by C$0.38. The firm had revenue of C$296.43 million during the quarter. Equities research analysts anticipate that Spartan Delta will post 2.1081442 EPS for the current fiscal year.

Spartan Delta Company Profile (Get Rating)

Spartan Delta Corp. engages in the exploration, development, and production of petroleum and natural gas properties in the Western Canada. It also owns and operates oil and gas properties in Alberta, Saskatchewan, and British Columbia. As of December 31, 2021, company owned total proved plus probable reserves of 545,734 thousand barrels of oil equivalent.

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