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Spartan Delta Price Target Increased to $7.00 from $6.50 by National Bank of Canada

BY MT Newswires | ECONOMIC | 08/07/25 11:28 AM EDT

11:28 AM EDT, 08/07/2025 (MT Newswires) -- National Bank of Canada on Thursday reiterated its outperform rating on the shares of Spartan Delta (DALXF) while raising its price target to $7.00 from $6.50 following the Western Canadian oil and gas producer's second-quarter results.

Spartan reported second-quarter results that exceeded expectations, including average production of 38,500 barrels of oil equivalent per day and associated cash flow per share of $0.23.

National Bank said Spartan delivered solid results for the quarter, but added that the building momentum of its capital program is high. This underpinned the price target increase, the bank said.

Price: 4.90, Change: +0.15, Percent Change: +3.27

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

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