Spartan Delta (TSE:SDE) Given New C$11.00 Price Target at Scotiabank

Spartan Delta (TSE:SDE) had its price target lifted by Scotiabank from C$8.00 to C$11.00 in a report released on Wednesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on SDE. TD Securities upped 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 note on Tuesday, January 6th. BMO Capital Markets raised their target price on Spartan Delta from C$7.50 to C$9.00 in a report on Tuesday, January 6th. Desjardins boosted their target price on shares of Spartan Delta from C$8.00 to C$8.50 and gave the company a “hold” rating in a research note on Tuesday, January 6th. CIBC increased their price target on Spartan Delta from C$6.25 to C$9.00 in a research report on Wednesday, October 15th. Finally, National Bankshares raised their price objective on Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$9.29.

Spartan Delta Price Performance

Shares of SDE opened at C$8.73 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49. The company has a market cap of C$1.75 billion, a price-to-earnings ratio of 43.65 and a beta of 0.22. Spartan Delta has a twelve month low of C$2.39 and a twelve month high of C$8.73. The company has a 50 day moving average of C$7.48 and a two-hundred day moving average of C$6.01.

Spartan Delta Company Profile

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.