Analysts Set Spartan Delta Corp. (TSE:SDE) Target Price at C$9.50

Spartan Delta Corp. (TSE:SDE) has been given an average rating of “Buy” by the six brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$9.50.

Several equities analysts recently issued reports on SDE shares. CIBC upped their price objective on Spartan Delta from C$6.25 to C$9.00 in a research report on Wednesday, October 15th. Ventum Financial boosted their price target on Spartan Delta from C$9.00 to C$10.50 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Desjardins upped their price target on Spartan Delta from C$8.00 to C$8.50 and gave the company a “hold” rating in a report on Tuesday, January 6th. TD Securities lifted 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. Finally, BMO Capital Markets boosted their target price on Spartan Delta from C$7.50 to C$9.00 in a research report on Tuesday, January 6th.

Spartan Delta Stock Down 2.7%

Shares of Spartan Delta stock opened at C$8.91 on Friday. The company has a 50-day simple moving average of C$7.74 and a two-hundred day simple moving average of C$6.28. The stock has a market capitalization of C$1.79 billion, a PE ratio of 44.55 and a beta of 0.22. Spartan Delta has a 52-week low of C$2.39 and a 52-week high of C$9.39. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80.

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.