National Bank Financial Lowers Storm Resources (TSE:SRX) Price Target to C$3.75

Storm Resources (TSE:SRX) had its price target cut by investment analysts at National Bank Financial from C$4.25 to C$3.75 in a report issued on Tuesday, January 9th. The brokerage presently has a “sector perform” rating on the stock.

A number of other analysts also recently issued reports on SRX. GMP Securities decreased their target price on Storm Resources from C$6.25 to C$5.75 in a research report on Thursday, November 16th. Raymond James Financial downgraded Storm Resources from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Storm Resources currently has a consensus rating of “Hold” and an average target price of C$5.50.

Shares of Storm Resources (TSE:SRX) opened at C$0.25 on Tuesday. The company has a market capitalization of $307.54, a P/E ratio of 1.67 and a beta of 0.24. Storm Resources has a 52 week low of C$0.24 and a 52 week high of C$0.38.

Storm Resources (TSE:SRX) last issued its quarterly earnings results on Tuesday, November 14th. The company reported C$0.01 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.02 by C($0.01).

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About Storm Resources

Storm Resources Ltd. acquires, explores, develops, and produces oil, natural gas, and natural gas liquids in Canada. It primarily owns interests in lands covering approximately an area of 109,000 net acres in 155 net sections located in Umbach, as well as interests in 119 sections covering approximately an area of 78,000 net acres situated in Horn River Basin, Northeast British Columbia.

Analyst Recommendations for Storm Resources (TSE:SRX)

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