Spartan Delta (TSE:SDE) Given a C$13.50 Price Target at Roth Mkm

Spartan Delta (TSE:SDE) has been assigned a C$13.50 target price by research analysts at Roth Mkm in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price target would suggest a potential upside of 25.70% from the company’s previous close.

A number of other brokerages have also recently commented on SDE. Desjardins upped their price target on shares of Spartan Delta from C$9.50 to C$11.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. BMO Capital Markets lifted their price objective on shares of Spartan Delta from C$9.00 to C$11.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Scotiabank increased their target price on shares of Spartan Delta from C$8.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. National Bank Financial boosted their price target on 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. Finally, Ventum Financial upped their price objective on Spartan Delta from C$10.50 to C$12.25 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Spartan Delta currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.09.

Spartan Delta Stock Down 0.4%

SDE traded down C$0.04 on Wednesday, reaching C$10.74. The company’s stock had a trading volume of 165,684 shares, compared to its average volume of 859,925. The company has a market capitalization of C$2.15 billion, a price-to-earnings ratio of 53.70 and a beta of 0.45. Spartan Delta has a fifty-two week low of C$2.39 and a fifty-two week high of C$11.59. The company has a quick ratio of 0.66, a current ratio of 0.87 and a debt-to-equity ratio of 29.03. The stock has a 50 day moving average of C$8.84 and a two-hundred day moving average of C$7.05.

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.