Strathcona Resources (TSE:SCR - Get Free Report) had its price target increased by ATB Capital from C$32.00 to C$35.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. ATB Capital's price objective points to a potential upside of 12.07% from the stock's previous close.
SCR has been the subject of a number of other research reports. Royal Bank of Canada upped their price objective on shares of Strathcona Resources from C$34.00 to C$36.00 in a research report on Thursday, May 22nd. TD Securities decreased their price objective on Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating on the stock in a report on Thursday, March 6th. CIBC reduced their target price on Strathcona Resources from C$37.00 to C$33.00 in a research report on Thursday, April 10th. Finally, Scotiabank upgraded shares of Strathcona Resources to a "strong-buy" rating in a research note on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Strathcona Resources currently has an average rating of "Hold" and an average target price of C$34.86.
Read Our Latest Research Report on Strathcona Resources
Strathcona Resources Stock Performance
SCR stock traded down C$0.02 on Tuesday, reaching C$31.23. 76,705 shares of the company were exchanged, compared to its average volume of 49,117. The firm has a market capitalization of C$6.68 billion and a PE ratio of 18.01. Strathcona Resources has a 12 month low of C$22.75 and a 12 month high of C$33.93. The stock's fifty day moving average price is C$27.56 and its 200 day moving average price is C$28.08. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09.
Insider Buying and Selling at Strathcona Resources
In related news, Senior Officer Pit Kim Chiu purchased 1,665 shares of the stock in a transaction dated Wednesday, June 11th. The stock was bought at an average cost of C$30.00 per share, with a total value of C$49,950.00. Insiders own 91.34% of the company's stock.
About Strathcona Resources
(
Get Free Report)
Strathcona Resources Ltd. acquires, explores, develops, and produces petroleum and natural gas reserves in Canada. It operates through three segments: Cold Lake Thermal, Lloydminster Heavy Oil, and Montney. The Cold Lake Thermal segment includes three producing assets in the Cold Lake region of Northern Alberta; and Lindbergh, Orion, and Tucker.
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