Ventum Capital Increases Spartan Delta (TSE:SDE) Price Target to C$15.00

Spartan Delta (TSE:SDE) had its price target increased by research analysts at Ventum Capital from C$14.50 to C$15.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Ventum Capital’s price target indicates a potential upside of 13.46% from the stock’s previous close.

SDE has been the subject of several other research reports. Desjardins increased their price objective on Spartan Delta from C$9.50 to C$11.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. TD increased their price objective on Spartan Delta from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday. Scotiabank increased their price objective on Spartan Delta from C$8.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. BMO Capital Markets raised their price target on Spartan Delta from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Roth Mkm set a C$13.50 price target on Spartan Delta and gave the company a “buy” rating in a research note on Wednesday, March 4th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Spartan Delta currently has a consensus rating of “Moderate Buy” and an average price target of C$13.52.

Spartan Delta Stock Down 2.4%

Shares of SDE traded down C$0.33 on Wednesday, hitting C$13.22. The company’s stock had a trading volume of 608,837 shares, compared to its average volume of 723,895. The company has a quick ratio of 0.66, a current ratio of 0.87 and a debt-to-equity ratio of 29.03. The firm’s fifty day moving average price is C$11.86 and its 200-day moving average price is C$9.14. Spartan Delta has a fifty-two week low of C$2.61 and a fifty-two week high of C$14.00. The firm has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 37.77 and a beta of 0.05.

Spartan Delta (TSE:SDE) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C($0.07) earnings per share (EPS) for the quarter. Spartan Delta had a net margin of 17.79% and a return on equity of 11.57%. The business had revenue of C$136.90 million during the quarter. On average, equities research analysts expect that Spartan Delta will post 0.305004 EPS for the current year.

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.