TD Securities Issues Positive Forecast for Spartan Delta (TSE:SDE) Stock Price

Spartan Delta (TSE:SDE) had its price objective upped by stock analysts at TD Securities from C$9.50 to C$12.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 15.16% from the stock’s current price.

Several other analysts also recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of Spartan Delta from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Scotiabank boosted their price objective on shares of Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Ventum Financial upped their target price on Spartan Delta from C$10.50 to C$12.25 and gave the company a “buy” rating in a research report on Tuesday. Desjardins lifted their price target on Spartan Delta from C$8.00 to C$8.50 and gave the stock a “hold” rating in a research report on Tuesday, January 6th. Finally, National Bank Financial increased their price objective on Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.75.

Spartan Delta Stock Down 0.6%

TSE SDE traded down C$0.06 during trading on Tuesday, hitting C$10.42. The company’s stock had a trading volume of 415,067 shares, compared to its average volume of 687,269. Spartan Delta has a fifty-two week low of C$2.39 and a fifty-two week high of C$10.81. The company has a market cap of C$2.09 billion, a PE ratio of 52.10 and a beta of 0.45. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66. The business’s 50 day simple moving average is C$8.41 and its 200-day simple moving average is C$6.81.

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.