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Spartan Delta's Outperform Rating, $6.00 Price Target, Maintained at National Bank of Canada

BY MT Newswires | ECONOMIC | 07/07/25 11:37 AM EDT

11:37 AM EDT, 07/07/2025 (MT Newswires) -- National Bank of Canada on Monday reiterated its outperform rating on the shares of Spartan Delta (DALXF) and its $6.00 price target, after the Western Canadian oil and gas producer released an operational update.

Spartan continues to advance a high-impact value proposition, with strong and consistent results compounding in its Duvernay program, according to National Bank.

The bank said the potential of Duvernay is nowhere close to priced in to the stock today and exposes one of the deepest and dynamic value opportunities in the group.

Spartan's update provided a strong operations update from its first half program, with current production averaging 40,000 barrels of oil equivalent per day.

Price: 3.87, Change: +0.07, Percent Change: +1.84

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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