Research Analysts’ Recent Ratings Changes for Spartan Delta (SDE)

Spartan Delta (TSE: SDE) recently received a number of ratings updates from brokerages and research firms:

• 1/6/2026 – Spartan Delta had its price target raised by analysts at Desjardins from C$8.00 to C$8.50. They now have a “hold” rating on the stock.
• 1/6/2026 – Spartan Delta had its price target raised by analysts at National Bankshares, Inc. from C$7.50 to C$9.00. They now have an “outperform” rating on the stock.
• 1/6/2026 – Spartan Delta had its price target raised by analysts at Ventum Financial from C$7.00 to C$9.00. They now have a “buy” rating on the stock.
• 1/6/2026 – Spartan Delta had its price target raised by analysts at BMO Capital Markets from C$7.50 to C$9.00.
• 1/6/2026 – Spartan Delta had its price target raised by analysts at TD Securities from C$7.50 to C$9.50. They now have a “buy” rating on the stock.
• 11/24/2025 – Spartan Delta had its price target raised by analysts at Desjardins from C$7.00 to C$8.00. They now have a “hold” rating on the stock.

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.