BMO Capital Markets Boosts Spartan Delta (TSE:SDE) Price Target to C$11.00

Spartan Delta (TSE:SDE) had its target price increased by analysts at BMO Capital Markets from C$9.00 to C$11.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 15.06% from the stock’s previous close.

Other analysts also recently issued research reports about the company. National Bank Financial boosted their price objective on Spartan Delta from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Desjardins upped 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. Canadian Imperial Bank of Commerce raised their target price on shares of Spartan Delta from C$6.25 to C$9.00 in a research note on Wednesday, October 15th. TD Securities boosted their target price on shares of Spartan Delta from C$7.50 to C$9.50 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Ventum Financial upped their price target on shares of Spartan Delta from C$9.00 to C$10.50 and gave the company a “buy” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$9.79.

Spartan Delta Stock Down 3.6%

TSE:SDE opened at C$9.56 on Wednesday. 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 stock has a 50 day moving average of C$8.07 and a 200-day moving average of C$6.53. The firm has a market capitalization of C$1.92 billion, a PE ratio of 47.80 and a beta of 0.45. Spartan Delta has a 52 week low of C$2.39 and a 52 week high of C$10.00.

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.