National Bankshares Issues Positive Forecast for Spartan Delta (TSE:SDE) Stock Price

Spartan Delta (TSE:SDE) had its price target upped by investment analysts at National Bankshares from C$7.50 to C$9.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 16.13% from the stock’s current price.

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

Spartan Delta Stock Up 2.2%

Shares of Spartan Delta stock traded up C$0.17 on Tuesday, hitting C$7.75. 1,171,600 shares of the company’s stock traded hands, compared to its average volume of 713,290. The firm’s 50-day moving average is C$7.15 and its 200 day moving average is C$5.67. The stock has a market cap of C$1.55 billion, a P/E ratio of 38.75 and a beta of 0.22. 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.

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.