Spartan Delta (TSE:SDE) Stock Price Expected to Rise, Ventum Financial Analyst Says

Spartan Delta (TSE:SDE) had its target price lifted by research analysts at Ventum Financial from C$10.50 to C$12.25 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum Financial’s price objective suggests a potential upside of 17.56% from the company’s current price.

Other research analysts have also issued research reports about the company. Desjardins boosted 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. TD Securities raised 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 research note on Tuesday, January 6th. BMO Capital Markets upped their price target 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 increased their price target on shares of Spartan Delta from C$8.00 to C$11.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, National Bank Financial lifted their price objective on shares of Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Spartan Delta has an average rating of “Moderate Buy” and an average target price of C$10.75.

Spartan Delta Stock Down 0.6%

Shares of TSE:SDE traded down C$0.06 during midday trading on Tuesday, reaching C$10.42. The company had a trading volume of 415,067 shares, compared to its average volume of 687,269. 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 business’s 50 day moving average price is C$8.41 and its 200 day moving average price is C$6.81. The stock has a market cap of C$2.09 billion, a PE ratio of 52.10 and a beta of 0.45. Spartan Delta has a 1-year low of C$2.39 and a 1-year high of C$10.81.

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.