Spartan Delta (TSE:SDE) Price Target Raised to C$9.00

Spartan Delta (TSE:SDE) had its price objective increased by BMO Capital Markets from C$7.50 to C$9.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently commented on the company. TD Securities increased their target price on Spartan Delta from C$7.50 to C$9.50 and gave the stock a “buy” rating in a research note on Tuesday. Scotiabank upped their price target on shares of Spartan Delta from C$7.50 to C$8.00 in a research note on Thursday, October 9th. Desjardins raised their price objective on shares of Spartan Delta from C$7.00 to C$8.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Finally, CIBC lifted their target price on shares of Spartan Delta from C$6.25 to C$9.00 in a report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$8.86.

Spartan Delta Stock Performance

Shares of SDE opened at C$7.29 on Tuesday. Spartan Delta has a 52 week low of C$2.39 and a 52 week high of C$8.08. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49. The stock has a market cap of C$1.46 billion, a P/E ratio of 36.45 and a beta of 0.22. The business’s 50 day moving average price is C$7.23 and its 200-day moving average price is C$5.72.

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.