Spartan Delta (TSE:SDE) Price Target Raised to C$8.50

Spartan Delta (TSE:SDE) had its price objective upped by Desjardins from C$8.00 to C$8.50 in a research report report published on Tuesday,BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

SDE has been the subject of a number of other research reports. CIBC boosted their price objective on Spartan Delta from C$6.25 to C$9.00 in a report on Wednesday, October 15th. Scotiabank boosted their target price on shares of Spartan Delta from C$7.50 to C$8.00 in a research report on Thursday, October 9th. Ventum Financial raised their price objective on Spartan Delta from C$7.00 to C$9.00 and gave the company a “buy” rating in a research note on Tuesday. TD Securities upped their price target on shares of Spartan Delta from C$7.50 to C$9.50 and gave the stock a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets raised their price objective on shares of Spartan Delta from C$7.50 to C$9.00 in a report on Tuesday. Two 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’s stock. According to data from MarketBeat.com, Spartan Delta has an average rating of “Buy” and an average price target of C$8.86.

Spartan Delta Stock Performance

Shares of TSE SDE opened at C$7.29 on Tuesday. The stock has a 50 day moving average of C$7.23 and a 200-day moving average of C$5.72. Spartan Delta has a 12 month low of C$2.39 and a 12 month high of C$8.08. The company has a market capitalization of C$1.46 billion, a P/E ratio of 36.45 and a beta of 0.22. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49.

Spartan Delta Company Profile

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.