Stifel Nicolaus Boosts Spartan Delta (TSE:SDE) Price Target to C$16.50

Spartan Delta (TSE:SDEGet Rating) had its price target boosted by analysts at Stifel Nicolaus from C$14.00 to C$16.50 in a research note issued to investors on Thursday, BayStreet.CA reports. Stifel Nicolaus’ target price would indicate a potential upside of 32.53% from the company’s previous close.

Several other brokerages have also issued reports on SDE. BMO Capital Markets boosted their price target on Spartan Delta from C$8.00 to C$9.50 in a research note on Wednesday, March 9th. CIBC boosted their price objective on Spartan Delta from C$11.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, April 14th. ATB Capital raised their target price on Spartan Delta from C$8.25 to C$9.50 in a research report on Wednesday, February 16th. Raymond James boosted their price target on shares of Spartan Delta from C$10.00 to C$13.00 and gave the company an “outperform” rating in a report on Friday, March 25th. Finally, Scotiabank raised their price objective on shares of Spartan Delta from C$14.00 to C$17.00 in a report on Tuesday, March 8th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Spartan Delta presently has a consensus rating of “Buy” and an average target price of C$13.77.

Shares of SDE stock opened at C$12.45 on Thursday. The company has a market capitalization of C$1.93 billion and a price-to-earnings ratio of 4.98. Spartan Delta has a 1 year low of C$3.92 and a 1 year high of C$12.93. The business’s fifty day moving average is C$10.16. The company has a debt-to-equity ratio of 49.89, a current ratio of 0.45 and a quick ratio of 0.40.

Spartan Delta (TSE:SDEGet Rating) last posted its quarterly earnings results on Tuesday, March 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.38 by C$0.38. The company had revenue of C$296.43 million during the quarter. As a group, equities analysts anticipate that Spartan Delta will post 2.1199999 EPS for the current fiscal year.

In related news, Senior Officer Ashley Dawn Hohm sold 23,600 shares of the firm’s stock in a transaction on Thursday, April 14th. The stock was sold at an average price of C$11.01, for a total transaction of C$259,833.64. Following the completion of the sale, the insider now directly owns 315,464 shares of the company’s stock, valued at approximately C$3,473,227.09. Also, Director Donald Archibald acquired 16,666 shares of Spartan Delta stock in a transaction on Thursday, April 14th. The stock was acquired at an average cost of C$3.00 per share, for a total transaction of C$49,998.00. Following the purchase, the director now owns 1,063,234 shares of the company’s stock, valued at approximately C$3,189,702.

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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Analyst Recommendations for Spartan Delta (TSE:SDE)

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