Spartan Delta (TSE:SDE) Price Target Raised to C$12.25 at Ventum Financial

Spartan Delta (TSE:SDE) had its target price boosted by Ventum Financial from C$10.50 to C$12.25 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently commented on the stock. Desjardins boosted their price objective on shares of Spartan Delta from C$8.00 to C$8.50 and gave the stock a “hold” rating in a report on Tuesday, January 6th. TD Securities lifted their price target on shares of Spartan Delta from C$7.50 to C$9.50 and gave the company a “buy” rating in a research report on Tuesday, January 6th. BMO Capital Markets upped their price target on Spartan Delta from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Scotiabank raised their price objective on Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, National Bank Financial lifted their price objective on Spartan Delta from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Spartan Delta currently has an average rating of “Moderate Buy” and a consensus price target of C$10.75.

Spartan Delta Price Performance

Shares of TSE SDE opened at C$10.48 on Tuesday. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. Spartan Delta has a one year low of C$2.39 and a one year high of C$10.81. The firm has a market capitalization of C$2.10 billion, a P/E ratio of 52.40 and a beta of 0.45. The company’s fifty day moving average is C$8.48 and its two-hundred 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.