Strathcona Resources (TSE:SCR) Upgraded at Jefferies Financial Group

Strathcona Resources (TSE:SCR) was upgraded by investment analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a C$56.00 price target on the stock, up from their prior price target of C$45.00. Jefferies Financial Group’s price target would suggest a potential upside of 17.20% from the stock’s current price.

Several other brokerages also recently commented on SCR. National Bank Financial increased 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. TD Securities upgraded Strathcona Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Royal Bank Of Canada increased their price target on Strathcona Resources from C$36.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 8th. Finally, Roth Mkm set a C$40.00 price objective on Strathcona Resources and gave the company a “buy” rating in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$43.43.

Strathcona Resources Stock Up 3.0%

TSE SCR traded up C$1.41 during trading hours on Thursday, hitting C$47.78. The company’s stock had a trading volume of 295,357 shares, compared to its average volume of 418,842. Strathcona Resources has a 52 week low of C$25.79 and a 52 week high of C$51.70. The company has a market capitalization of C$10.24 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The company has a current ratio of 0.39, a quick ratio of 11.09 and a debt-to-equity ratio of 50.35. The company’s 50-day simple moving average is C$42.08 and its two-hundred day simple moving average is C$36.49.

About Strathcona Resources

Strathcona is one of North America’s fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.