Analysts Set Spartan Delta Corp. (TSE:SDE) Target Price at C$9.50

Spartan Delta Corp. (TSE:SDE) has received an average recommendation of “Buy” from the six research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$9.50.

A number of analysts have commented on the stock. TD Securities upped their target price on shares of Spartan Delta from C$7.50 to C$9.50 and gave the company a “buy” rating in a report on Tuesday, January 6th. Desjardins upped their price objective on Spartan Delta from C$8.00 to C$8.50 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Scotiabank lifted 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 upped their price target on Spartan Delta from C$9.00 to C$10.50 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, BMO Capital Markets raised their price objective on Spartan Delta from C$7.50 to C$9.00 in a research note on Tuesday, January 6th.

Spartan Delta Stock Up 5.6%

SDE stock opened at C$9.67 on Friday. The company has a market cap of C$1.94 billion, a price-to-earnings ratio of 48.35 and a beta of 0.45. 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 business’s 50-day moving average is C$7.90 and its two-hundred day moving average is C$6.39. Spartan Delta has a fifty-two week low of C$2.39 and a fifty-two week high of C$9.73.

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.