TD Securities Reiterates “Buy” Rating for Spartan Energy Corp (SPE)
Spartan Energy Corp (TSE:SPE)‘s stock had its “buy” rating reaffirmed by investment analysts at TD Securities in a report issued on Wednesday, StockTargetPrices.com reports. They presently have a C$4.75 target price on the stock. TD Securities’ price objective would indicate a potential upside of 63.79% from the stock’s previous close.
SPE has been the topic of several other reports. Scotiabank reaffirmed an “outperform” rating and set a C$4.50 price objective on shares of Spartan Energy Corp in a research report on Friday, December 9th. Desjardins lifted their price objective on Spartan Energy Corp from C$4.25 to C$4.75 in a research report on Wednesday, December 21st. Finally, BMO Capital Markets lifted their price objective on Spartan Energy Corp from C$4.00 to C$4.25 in a research report on Friday, December 9th. Five investment analysts have rated the stock with a buy rating, Spartan Energy Corp has a consensus rating of “Buy” and a consensus target price of C$4.36.
Shares of Spartan Energy Corp (TSE:SPE) opened at 2.90 on Wednesday. The stock’s market capitalization is $1.00 billion. The company’s 50 day moving average price is $2.97 and its 200-day moving average price is $3.22. Spartan Energy Corp has a 12 month low of $2.32 and a 12 month high of $3.65.
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About Spartan Energy Corp
Spartan Energy Corp, formerly Alexander Energy Ltd is a Canada-based oil and natural gas exploration and production company with producing properties focused in Saskatchewan. The Company’s properties include Southeast Saskatchewan, West Central Saskatchewan and Alexander Alberta. The Southeast Saskatchewan property focuses on conventional Mississippian targets, primarily in the Frobisher/Alida and Midale formations.
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