National Bank Financial Lowers Strathcona Resources (TSE:SCR) Price Target to C$66.00

Strathcona Resources (TSE:SCR) had its price target reduced by analysts at National Bank Financial from C$68.00 to C$66.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 70.02% from the company’s current price.

SCR has been the topic of a number of other reports. Royal Bank Of Canada raised their price objective on shares of Strathcona Resources from C$36.00 to C$49.00 and gave the company a “sector perform” rating in a report on Wednesday, April 8th. Jefferies Financial Group upgraded Strathcona Resources from a “hold” rating to a “buy” rating and increased their price objective for the company from C$45.00 to C$56.00 in a report on Thursday, June 4th. TD Securities raised shares of Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Finally, Roth Capital set a C$40.00 target price on Strathcona Resources and gave the stock a “buy” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$43.00.

Strathcona Resources Stock Up 3.1%

Shares of SCR traded up C$1.18 during midday trading on Wednesday, hitting C$38.82. The company had a trading volume of 526,513 shares, compared to its average volume of 414,160. Strathcona Resources has a 1 year low of C$25.79 and a 1 year high of C$51.70. The firm has a market capitalization of C$8.32 billion, a P/E ratio of 11.19, a P/E/G ratio of -2.02 and a beta of 2.61. The company has a debt-to-equity ratio of 50.35, a quick ratio of 11.09 and a current ratio of 0.39. The company’s 50-day simple moving average is C$43.13 and its 200-day simple moving average is C$36.34.

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.