Spartan Delta (TSE:SDE) Stock Price Expected to Rise, Ventum Financial Analyst Says

Spartan Delta (TSE:SDE) had its price target boosted by Ventum Financial from C$9.00 to C$10.50 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum Financial’s price objective suggests a potential upside of 14.13% from the company’s previous close.

A number of other brokerages have also weighed in on SDE. TD Securities lifted their target price on 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. National Bankshares lifted 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. CIBC increased their target price on shares of Spartan Delta from C$6.25 to C$9.00 in a report on Wednesday, October 15th. BMO Capital Markets raised their target price on shares of Spartan Delta from C$7.50 to C$9.00 in a research report on Tuesday, January 6th. Finally, Desjardins upped their price target on shares of Spartan Delta from C$8.00 to C$8.50 and gave the stock a “hold” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$9.50.

Spartan Delta Price Performance

Shares of SDE stock opened at C$9.20 on Wednesday. The company has a market capitalization of C$1.84 billion, a P/E ratio of 46.00 and a beta of 0.22. The company’s 50-day simple moving average is C$7.68 and its two-hundred day simple moving average is C$6.19. Spartan Delta has a one year low of C$2.39 and a one year high of C$9.39. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66.

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.