Spartan Delta (TSE:SDE) Price Target Raised to C$16.00

Spartan Delta (TSE:SDE) had its price objective lifted by equities researchers at TD from C$14.00 to C$16.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price objective would indicate a potential upside of 21.03% from the company’s previous close.

SDE has been the subject of several other reports. Ventum Financial upped their price objective on 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. Scotiabank increased 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. TD Securities increased their price target on Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Desjardins increased their price target on Spartan Delta from C$9.50 to C$11.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. Finally, National Bank Financial increased their price target on Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$13.52.

Spartan Delta Stock Down 2.4%

Shares of SDE stock traded down C$0.33 on Wednesday, hitting C$13.22. 608,837 shares of the stock were exchanged, compared to its average volume of 723,895. The company has a current ratio of 0.87, a quick ratio of 0.66 and a debt-to-equity ratio of 29.03. The firm has a market capitalization of C$2.68 billion, a P/E ratio of 37.77 and a beta of 0.05. The business has a 50-day moving average of C$11.86 and a 200 day moving average of C$9.14. Spartan Delta has a fifty-two week low of C$2.61 and a fifty-two week high of C$14.00.

Spartan Delta (TSE:SDE) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C($0.07) earnings per share for the quarter. The firm had revenue of C$136.90 million for the quarter. Spartan Delta had a return on equity of 11.57% and a net margin of 17.79%. Equities analysts anticipate that Spartan Delta will post 0.305004 EPS for the current year.

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.