Spartan Delta (TSE:SDE) Price Target Raised to C$9.00 at BMO Capital Markets

Spartan Delta (TSE:SDE) had its target price increased by BMO Capital Markets from C$7.50 to C$9.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 16.13% from the stock’s current price.

Other analysts have also issued research reports about the stock. CIBC upped their target price on shares of Spartan Delta from C$6.25 to C$9.00 in a research note on Wednesday, October 15th. TD Securities boosted their price target on shares of Spartan Delta from C$7.50 to C$9.50 and gave the stock a “buy” rating in a report on Tuesday. Scotiabank upped their price objective on shares of Spartan Delta from C$7.50 to C$8.00 in a research report on Thursday, October 9th. Finally, Desjardins lifted their target price on shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$8.86.

Spartan Delta Stock Up 2.2%

Spartan Delta stock traded up C$0.17 during trading on Tuesday, hitting C$7.75. 1,171,600 shares of the company were exchanged, compared to its average volume of 713,290. The company has a market capitalization of C$1.55 billion, a P/E ratio of 38.75 and a beta of 0.22. The business’s 50 day moving average is C$7.15 and its 200 day moving average is C$5.67. Spartan Delta has a 52 week low of C$2.39 and a 52 week high of C$8.08. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49.

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.