Spartan Delta Corp. (TSE:SDE) Receives C$11.09 Average Price Target from Analysts

Spartan Delta Corp. (TSE:SDE) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$11.09.

A number of equities research analysts recently commented on the company. Scotiabank upped their target price 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. Ventum Financial raised their price target on shares of Spartan Delta from C$10.50 to C$12.25 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. TD Securities lifted their price objective on shares of Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Roth Mkm set a C$13.50 price objective on shares of Spartan Delta and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, BMO Capital Markets increased their price objective on shares of Spartan Delta from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th.

Spartan Delta Stock Performance

Shares of SDE opened at C$12.47 on Friday. The company has a debt-to-equity ratio of 29.03, a quick ratio of 0.66 and a current ratio of 0.87. The stock has a 50-day moving average of C$10.05 and a two-hundred day moving average of C$7.74. The stock has a market cap of C$2.50 billion, a P/E ratio of 35.63 and a beta of 0.31. Spartan Delta has a one year low of C$2.39 and a one year high of C$12.75.

About Spartan Delta

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.