Spartan Delta (TSE:SDE) Stock Price Expected to Rise, Desjardins Analyst Says

Spartan Delta (TSE:SDE) had its price objective increased by stock analysts at Desjardins from C$8.00 to C$8.50 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price objective indicates a potential upside of 9.68% from the stock’s current price.

Several other equities analysts have also issued reports on the company. CIBC boosted their price target on Spartan Delta from C$6.25 to C$9.00 in a research note on Wednesday, October 15th. TD Securities increased their target price on shares of Spartan Delta from C$7.50 to C$9.50 and gave the stock a “buy” rating in a research note on Tuesday. Ventum Financial raised their price target on shares of Spartan Delta from C$7.00 to C$9.00 and gave the stock a “buy” rating in a report on Tuesday. Scotiabank upped their price objective on shares of Spartan Delta from C$7.50 to C$8.00 in a report on Thursday, October 9th. Finally, BMO Capital Markets boosted their target price on Spartan Delta from C$7.50 to C$9.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Spartan Delta has a consensus rating of “Buy” and an average price target of C$8.86.

Spartan Delta Trading Up 2.2%

Shares of TSE:SDE traded up C$0.17 during midday trading on Tuesday, reaching C$7.75. The company’s stock had a trading volume of 1,171,600 shares, compared to its average volume of 713,290. Spartan Delta has a fifty-two week low of C$2.39 and a fifty-two week high of C$8.08. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80. The firm has a 50 day moving average price of C$7.15 and a two-hundred day moving average price of C$5.67. The firm has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 38.75 and a beta of 0.22.

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.