Strathcona Resources (TSE:SCR) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Strathcona Resources (TSE:SCR) had its price target lifted by stock analysts at Royal Bank Of Canada from C$35.00 to C$36.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential downside of 9.39% from the company’s previous close.

A number of other research firms have also issued reports on SCR. National Bank Financial raised Strathcona Resources from a “hold” rating to an “outperform” rating and dropped their target price for the company from C$36.00 to C$32.00 in a report on Friday, January 9th. Roth Mkm set a C$40.00 price objective on shares of Strathcona Resources and gave the company a “buy” rating in a research report on Tuesday. Scotiabank dropped their price objective on shares of Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. TD Securities cut their price objective on shares of Strathcona Resources from C$27.00 to C$25.00 and set a “hold” rating for the company in a research report on Friday. Finally, Jefferies Financial Group lowered their target price on shares of Strathcona Resources from C$29.00 to C$26.00 in a report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$33.25.

Strathcona Resources Stock Performance

SCR traded up C$0.22 on Friday, hitting C$39.73. 207,817 shares of the company traded hands, compared to its average volume of 299,279. Strathcona Resources has a 12-month low of C$22.75 and a 12-month high of C$45.09. The company has a 50 day moving average of C$28.76 and a 200-day moving average of C$34.74. The company has a quick ratio of 11.09, a current ratio of 1.02 and a debt-to-equity ratio of 19.43. The stock has a market capitalization of C$8.51 billion, a PE ratio of 7.76, a PEG ratio of -2.02 and a beta of 2.61.

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.