Spartan Delta (TSE:SDE) Price Target Raised to C$11.00 at Desjardins

Spartan Delta (TSE:SDE) had its target price hoisted by Desjardins from C$9.50 to C$11.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research analysts also recently issued reports on the stock. National Bank Financial boosted their target price on shares of Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Ventum Financial boosted their price objective on Spartan Delta from C$10.50 to C$12.25 and gave the company a “buy” rating in a report on Tuesday. Scotiabank upped their target price on Spartan Delta from C$8.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. TD Securities lifted their price target on Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, BMO Capital Markets boosted their price target on Spartan Delta from C$9.00 to C$11.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$10.75.

Spartan Delta Price Performance

Shares of TSE:SDE opened at C$10.48 on Tuesday. Spartan Delta has a twelve month low of C$2.39 and a twelve month high of C$10.81. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. The company has a market cap of C$2.10 billion, a PE ratio of 52.40 and a beta of 0.45. The company’s 50 day moving average is C$8.48 and its 200 day moving average is C$6.85.

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.