Analysts Set Spartan Delta Corp. (TSE:SDE) PT at C$10.75

Spartan Delta Corp. (TSE:SDE) has been given a consensus rating of “Moderate Buy” by the six research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$10.75.

SDE has been the subject of a number of recent analyst reports. National Bank Financial boosted their target price on shares of Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. TD Securities boosted their price objective on shares of Spartan Delta from C$9.50 to C$12.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Ventum Financial upped their price objective on Spartan Delta from C$10.50 to C$12.25 and gave the stock a “buy” rating in a report on Tuesday, February 24th. BMO Capital Markets increased their target price on 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. Finally, Desjardins boosted their price target on 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.

Spartan Delta Stock Up 3.9%

Shares of TSE:SDE opened at C$10.95 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. The firm has a market cap of C$2.20 billion, a price-to-earnings ratio of 54.75 and a beta of 0.45. The stock’s 50-day moving average price is C$8.70 and its two-hundred day moving average price is C$6.97. Spartan Delta has a 12-month low of C$2.39 and a 12-month high of C$11.08.

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.