Spartan Delta (TSE:SDE) Given a C$13.50 Price Target by Roth Mkm Analysts

Spartan Delta (TSE:SDE) has been assigned a C$13.50 price objective by stock analysts at Roth Mkm in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s target price points to a potential upside of 26.40% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. National Bank Financial lifted their price target on shares of Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Scotiabank upped their target price on shares of Spartan Delta from C$8.00 to C$11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. TD Securities raised their price target on Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. BMO Capital Markets boosted their price objective on Spartan Delta from C$9.00 to C$11.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Finally, Ventum Financial increased their target price on Spartan Delta from C$10.50 to C$12.25 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Spartan Delta presently has a consensus rating of “Moderate Buy” and an average price target of C$11.09.

Spartan Delta Stock Performance

Shares of SDE opened at C$10.68 on Wednesday. The business has a 50-day simple moving average of C$8.98 and a two-hundred day simple moving average of C$7.10. The company has a quick ratio of 0.66, a current ratio of 0.87 and a debt-to-equity ratio of 29.03. Spartan Delta has a 52 week low of C$2.39 and a 52 week high of C$11.59. The stock has a market cap of C$2.14 billion, a price-to-earnings ratio of 53.40 and a beta of 0.45.

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.