Spartan Delta (TSE:SDE) Given New C$12.00 Price Target at TD Securities

Spartan Delta (TSE:SDE) had its price target boosted by TD Securities from C$9.50 to C$12.00 in a research report report published on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. National Bank Financial increased their target price on shares of Spartan Delta from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. BMO Capital Markets increased their price objective on Spartan Delta from C$9.00 to C$11.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Desjardins lifted their target price on Spartan Delta from C$8.00 to C$8.50 and gave the company a “hold” rating in a report on Tuesday, January 6th. Scotiabank boosted their target price on Spartan Delta from C$8.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Finally, Ventum Financial increased their price target on Spartan Delta from C$10.50 to C$12.25 and gave the company a “buy” rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$10.75.

Spartan Delta Price Performance

Shares of SDE opened at C$10.48 on Tuesday. The company’s 50-day simple moving average is C$8.48 and its 200-day simple moving average is C$6.85. 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 1 year low of C$2.39 and a 1 year high of C$10.81. The stock has a market capitalization of C$2.10 billion, a PE ratio of 52.40 and a beta of 0.45.

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.