Investment Analysts’ Weekly Ratings Updates for Spartan Delta (SDE)

A number of firms have modified their ratings and price targets on shares of Spartan Delta (TSE: SDE) recently:

• 5/6/2026 – Spartan Delta had its price target raised by National Bank Financial from C$15.50 to C$16.00. They now have an “outperform” rating on the stock.
• 5/6/2026 – Spartan Delta had its price target raised by Ventum Capital from C$14.50 to C$15.00. They now have a “buy” rating on the stock.
• 5/6/2026 – Spartan Delta was upgraded by ATB Cormark Capital Markets from “sector perform” to “outperform”. They now have a C$17.00 price target on the stock, up from C$13.25.
• 5/6/2026 – Spartan Delta had its price target raised by TD from C$14.00 to C$16.00. They now have a “buy” rating on the stock.
• 5/6/2026 – Spartan Delta had its price target raised by BMO Capital Markets from C$13.50 to C$16.00. They now have an “outperform” rating on the stock.

Insider Transactions at Spartan Delta

In other Spartan Delta news, insider Ojay Platt sold 5,582 shares of Spartan Delta stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$13.04, for a total transaction of C$72,789.28. Following the completion of the sale, the insider directly owned 122,307 shares in the company, valued at C$1,594,883.28. This trade represents a 4.36% decrease in their ownership of the stock. Also, insider Robert John Day sold 2,390 shares of Spartan Delta stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$13.04, for a total transaction of C$31,165.60. Following the sale, the insider owned 83,609 shares of the company’s stock, valued at approximately C$1,090,261.36. This represents a 2.78% decrease in their ownership of the stock. 12.43% of the stock is owned by company insiders.

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.