Strathcona Resources (TSE:SCR) Price Target Raised to C$49.00

Strathcona Resources (TSE:SCR) had its price objective upped by investment analysts at Royal Bank Of Canada from C$36.00 to C$49.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 22.29% from the company’s current price.

Other research analysts have also recently issued reports about the company. National Bank Financial raised their price objective on Strathcona Resources from C$41.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Jefferies Financial Group reduced their price objective on Strathcona Resources from C$29.00 to C$26.00 in a research note on Tuesday, January 20th. Scotiabank reduced their price objective on Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. Roth Mkm set a C$40.00 price objective on Strathcona Resources and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Finally, ATB Cormark Capital Markets reduced their price objective on Strathcona Resources from C$42.00 to C$32.00 in a research note on Tuesday, December 23rd. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Strathcona Resources presently has a consensus rating of “Hold” and a consensus price target of C$38.38.

Strathcona Resources Stock Down 6.8%

TSE SCR traded down C$2.92 during trading on Wednesday, hitting C$40.07. The company’s stock had a trading volume of 374,414 shares, compared to its average volume of 385,563. The company has a debt-to-equity ratio of 49.94, a current ratio of 0.37 and a quick ratio of 11.09. The company has a market cap of C$8.58 billion, a PE ratio of 9.43, a P/E/G ratio of -2.02 and a beta of 2.61. The business’s 50 day simple moving average is C$33.63 and its 200-day simple moving average is C$35.02. Strathcona Resources has a fifty-two week low of C$22.75 and a fifty-two week 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.