TD Securities Raises Spartan Delta (TSE:SDE) Price Target to C$9.50

Spartan Delta (TSE:SDE) had its price target increased by investment analysts at TD Securities from C$7.50 to C$9.50 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 22.58% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Desjardins lifted their target price on Spartan Delta from C$7.00 to C$8.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. CIBC lifted their price objective on Spartan Delta from C$6.25 to C$9.00 in a report on Wednesday, October 15th. Finally, Scotiabank boosted their price objective on Spartan Delta from C$7.50 to C$8.00 in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$8.86.

Spartan Delta Stock Performance

TSE SDE traded up C$0.17 during midday trading on Tuesday, hitting C$7.75. The company had a trading volume of 1,171,600 shares, compared to its average volume of 713,290. The firm has a fifty day simple moving average of C$7.15 and a two-hundred day simple moving average of C$5.67. Spartan Delta has a fifty-two week low of C$2.39 and a fifty-two 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. The stock has a market cap of C$1.55 billion, a price-to-earnings ratio of 38.75 and a beta of 0.22.

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.