What Will Happen to Spartan Energy Corp Next? The Stock Just Declined A Lot

 What Will Happen to Spartan Energy Corp Next? The Stock Just Declined A Lot

The stock of Spartan Energy Corp (TSE:SPE) is a huge mover today! About 776,463 shares traded hands. Spartan Energy Corp (TSE:SPE) has declined 1.63% since April 25, 2016 and is downtrending. It has underperformed by 6.89% the S&P500.
The move comes after 6 months negative chart setup for the $990.73 million company. It was reported on Nov, 29 by Barchart.com. We have $2.84 PT which if reached, will make TSE:SPE worth $29.72M less.

Spartan Energy Corp (TSE:SPE) Ratings Coverage

Out of 4 analysts covering Spartan Energy Corp (TSE:SPE), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $4.15 is the highest target while $2.65 is the lowest. The $3.93 average target is 34.13% above today’s ($2.93) stock price. Spartan Energy Corp has been the topic of 8 analyst reports since December 3, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Wednesday, August 24 by National Bank Canada.

More notable recent Spartan Energy Corp (TSE:SPE) news were published by: Marketwired.com which released: “Spartan Energy Corp. Announces Southeast Saskatchewan Light Oil Acquisition …” on August 03, 2016, also Marketwired.com with their article: “Spartan Energy Corp. Announces Two Consolidating Southeast Saskatchewan Light …” published on June 29, 2016, Marketwired.com published: “Spartan Energy Corp. Announces Exercise of Over-Allotment Option and …” on August 24, 2016. More interesting news about Spartan Energy Corp (TSE:SPE) were released by: Marketwired.com and their article: “Spartan Energy Corp. Announces $75 Million Bought Deal Financing” published on February 24, 2016 as well as Marketwired.com‘s news article titled: “Spartan Energy Corp. Announces First Quarter Financial and Operating Results …” with publication date: May 11, 2016.

Spartan Energy Corp, formerly Alexander Energy Ltd is a Canada oil and natural gas exploration and production firm with producing properties focused in Saskatchewan. The company has a market cap of $990.73 million. The Company’s properties include Southeast Saskatchewan, West Central Saskatchewan and Alexander Alberta. It currently has negative earnings. The Southeast Saskatchewan property focuses on conventional Mississippian targets, primarily in the Frobisher/Alida and Midale formations.

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