Analysis: Spartan Energy Corp (TSE:SPE) Upside Target Change Today
In an analyst research report revealed to clients and investors by National Bank Financial on Thursday morning, the firm, Spartan Energy Corp (TSE:SPE), had their TP downgraded to $3.00. Analusts presently have a solid Outperform rating on the stock.
Approximately 306,378 shares of stock traded hands. Spartan Energy Corp (TSE:SPE) has declined 30.21% since April 30, 2015 and is downtrending. It has underperformed by 29.92% the S&P500.
Spartan Energy Corp. is a Canada gas and oil company. The company has a market cap of $647.14 million. The Company’s principal properties include Southeast Saskatchewan, West Central Saskatchewan, Alberta, Manitoba and North Dakota. It currently has negative earnings. The Southeast Saskatchewan properties consist of approximately 175,000 net acres of land focused primarily on conventional open-hole horizontal wells drilled on Mississippian oil plays, including the Frobisher, Alida, Souris Valley, Tilston and Midale formations.