A Reversal for Spartan Energy Corp Is Not Near. The Stock Rises Again

 A Reversal for Spartan Energy Corp Is Not Near. The Stock Rises Again

The stock of Spartan Energy Corp (TSE:SPE) is a huge mover today! About 2.54 million shares traded hands. Spartan Energy Corp (TSE:SPE) has risen 4.13% since April 27, 2016 and is uptrending. It has underperformed by 1.80% the S&P500.
The move comes after 5 months positive chart setup for the $1.34 billion company. It was reported on Dec, 1 by Barchart.com. We have $3.58 PT which if reached, will make TSE:SPE worth $53.60 million more.

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 14.24% above today’s ($3.44) stock price. Spartan Energy Corp has been the topic of 8 analyst reports since December 3, 2015 according to StockzIntelligence Inc. As per Wednesday, August 24, the company rating was maintained 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 $1.34 billion. 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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