Spartan Delta (TSE:SDE) Given New C$16.00 Price Target at National Bank Financial

Spartan Delta (TSE:SDE) had its target price boosted by National Bank Financial from C$15.50 to C$16.00 in a report issued on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts also recently issued reports on the stock. Ventum Capital lifted their price objective on shares of Spartan Delta from C$14.50 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday. Desjardins lifted their price objective on shares of Spartan Delta from C$9.50 to C$11.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. Scotiabank lifted their price objective on shares of Spartan Delta from C$8.00 to C$11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Ventum Financial lifted their price objective on shares of Spartan Delta from C$10.50 to C$12.25 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Finally, TD Securities lifted their price objective on shares of Spartan Delta from C$9.50 to C$12.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$13.52.

Spartan Delta Stock Down 3.5%

SDE opened at C$13.08 on Wednesday. Spartan Delta has a one year low of C$2.61 and a one year high of C$14.00. The company has a debt-to-equity ratio of 29.03, a current ratio of 0.87 and a quick ratio of 0.66. The firm has a market capitalization of C$2.65 billion, a P/E ratio of 37.37 and a beta of 0.05. The company has a fifty day moving average price of C$11.91 and a 200-day moving average price of C$9.19.

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 return on equity of 11.57% and a net margin of 17.79%.The company had revenue of C$136.90 million for the quarter. Equities research analysts expect that Spartan Delta will post 0.305004 earnings per share for the current fiscal year.

Spartan Delta News Summary

Here are the key news stories impacting Spartan Delta this week:

• Positive Sentiment: BMO Capital Markets raised its price target to C$16.00 and moved to an “outperform” rating, implying ~21.6% upside from the then-current price. BMO Upgrade
• Positive Sentiment: TD raised its target to C$16.00 and reiterated a “buy” rating, also implying ~21.6% upside. TD Upgrade
• Positive Sentiment: ATB Cormark upgraded SDE from “sector perform” to “outperform” and lifted its target to C$17.00 (?28.6% upside). ATB Cormark Upgrade
• Positive Sentiment: Ventum Capital raised its target to C$15.00 and kept a “buy” rating (?14% upside implied). Ventum Capital Raise
• Positive Sentiment: National Bank Financial increased its target to C$16.00 and moved to “outperform” — another bullish signal; coverage was also noted on TickerReport. National Bank Upgrade (BayStreet) National Bank Coverage (TickerReport)
• Positive Sentiment: Spartan Delta issued its Q1 2026 results and announced increased 2026 guidance and an increase to its credit facility — developments that typically support higher valuations. Q1 Release (Yahoo)
• Neutral Sentiment: The company reported C($0.07) EPS for the quarter on C$136.9M revenue; profitability metrics cited were mixed (positive net margin cited in coverage), so the near-term reaction may be muted as investors digest the loss-per-share vs. upgraded outlook. Quarterly Results (Press Release)

Spartan Delta Company Profile

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.