Analysts Set Spartan Delta Corp. (TSE:SDE) Target Price at C$10.75

Shares of Spartan Delta Corp. (TSE:SDE) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$10.75.

Several equities analysts recently commented on the company. TD Securities boosted their target price on Spartan Delta from C$9.50 to C$12.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank lifted their price target on Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. BMO Capital Markets boosted their price objective on Spartan Delta from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Ventum Financial raised their target price on shares of Spartan Delta from C$10.50 to C$12.25 and gave the company a “buy” rating in a research note on Tuesday. Finally, Desjardins lifted their target price on shares of Spartan Delta from C$9.50 to C$11.00 and gave the company a “hold” rating in a research report on Tuesday.

Spartan Delta Stock Performance

TSE SDE opened at C$10.95 on Wednesday. The company’s 50 day simple moving average is C$8.70 and its two-hundred day simple moving average is C$6.94. 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 has a 1 year low of C$2.39 and a 1 year high of C$11.08. The stock has a market capitalization of C$2.20 billion, a PE ratio of 54.75 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.