Spartan Delta (TSE:SDE) Price Target Raised to C$9.00

Spartan Delta (TSE:SDE) had its target price upped by National Bankshares from C$7.50 to C$9.00 in a research report report published on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently issued reports on SDE. TD Securities raised their price target on Spartan Delta from C$7.50 to C$9.50 and gave the stock a “buy” rating in a research note on Tuesday. CIBC upped their price objective on Spartan Delta from C$6.25 to C$9.00 in a report on Wednesday, October 15th. Ventum Financial boosted their price target on Spartan Delta from C$7.00 to C$9.00 and gave the stock a “buy” rating in a research note on Tuesday. Scotiabank lifted their target price on shares of Spartan Delta from C$7.50 to C$8.00 in a research report on Thursday, October 9th. Finally, Desjardins lifted their price objective on Spartan Delta from C$7.00 to C$8.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Spartan Delta currently has an average rating of “Buy” and an average target price of C$8.86.

Spartan Delta Stock Performance

Shares of SDE opened at C$7.29 on Tuesday. The company has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 36.45 and a beta of 0.22. Spartan Delta has a 52-week low of C$2.39 and a 52-week high of C$8.08. 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 stock has a 50 day moving average price of C$7.23 and a 200 day moving average price of C$5.72.

About Spartan Delta

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. The company operates and focuses its activities on Peace River Arch and Central Alberta.