Strathcona Resources (TSE:SCR - Get Free Report) had its target price hoisted by research analysts at Royal Bank Of Canada from C$36.00 to C$40.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price points to a potential upside of 12.58% from the stock's current price.
Several other equities analysts have also recently issued reports on SCR. Cibc World Mkts cut Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. National Bank Financial upgraded Strathcona Resources to a "strong-buy" rating in a research note on Sunday, June 29th. National Bankshares downgraded shares of Strathcona Resources from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from C$42.00 to C$38.00 in a report on Tuesday. Scotiabank upped their target price on Strathcona Resources from C$34.00 to C$40.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, TD Securities upped their target price on Strathcona Resources from C$27.00 to C$35.00 and gave the company a "hold" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Strathcona Resources currently has a consensus rating of "Hold" and an average price target of C$36.14.
Get Our Latest Analysis on SCR
Strathcona Resources Trading Down 2.2%
Strathcona Resources stock traded down C$0.81 during midday trading on Thursday, reaching C$35.53. 61,722 shares of the stock traded hands, compared to its average volume of 68,899. The company has a 50-day simple moving average of C$37.07 and a two-hundred day simple moving average of C$31.90. Strathcona Resources has a 12-month low of C$22.75 and a 12-month high of C$39.49. The firm has a market cap of C$7.61 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06.
Strathcona Resources Company Profile
(
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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.
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