Strathcona Resources (TSE:SCR) Price Target Raised to C$36.00

Strathcona Resources (TSE:SCR) had its target price upped by Royal Bank Of Canada from C$35.00 to C$36.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential downside of 9.39% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. National Bank Financial upgraded shares of Strathcona Resources from a “hold” rating to an “outperform” rating and decreased their price objective for the company from C$36.00 to C$32.00 in a research note on Friday, January 9th. Roth Mkm set a C$40.00 target price on Strathcona Resources and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank reduced their target price on Strathcona Resources from C$40.00 to C$33.00 in a report on Tuesday, December 30th. Jefferies Financial Group decreased their target price on Strathcona Resources from C$29.00 to C$26.00 in a research report on Tuesday, January 20th. Finally, TD Securities dropped their price target on Strathcona Resources from C$27.00 to C$25.00 and set a “hold” rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$33.25.

Strathcona Resources Stock Up 0.6%

Shares of Strathcona Resources stock traded up C$0.22 during trading hours on Friday, hitting C$39.73. The company had a trading volume of 207,817 shares, compared to its average volume of 299,279. The company has a debt-to-equity ratio of 19.43, a current ratio of 1.02 and a quick ratio of 11.09. The company’s 50-day moving average is C$28.76 and its two-hundred day moving average is C$34.74. The company has a market cap of C$8.51 billion, a P/E ratio of 7.76, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. Strathcona Resources has a twelve month low of C$22.75 and a twelve month high of C$45.09.

Strathcona Resources Company Profile

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.