Strathcona Resources (TSE:SCR) Given a C$40.00 Price Target by Roth Mkm Analysts

Key Points

• Roth Mkm set a C$40.00 price target and a "buy" rating on Strathcona Resources (TSE:SCR), implying roughly a 9.3% upside from the stock's current price of C$36.60.
• Several other brokerages recently cut targets, leaving a MarketBeat consensus of "Moderate Buy" with an average target of C$33.38 (four Buys, three Holds).
• Shares trade at C$36.60 with a market cap of C$7.84 billion, a low P/E of 7.15 and a beta of 2.61, indicating relative undervaluation but higher volatility.

Strathcona Resources (TSE:SCR - Get Free Report) received a C$40.00 price target from Roth Mkm in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Roth Mkm's target price would indicate a potential upside of 9.29% from the stock's current price.

A number of other brokerages have also recently issued reports on SCR. Royal Bank Of Canada cut their target price on shares of Strathcona Resources from C$40.00 to C$35.00 and set a "moderate buy" rating for the company in a research report on Tuesday, January 13th. ATB Cormark Capital Markets decreased their target price on shares of Strathcona Resources from C$42.00 to C$32.00 in a research report on Tuesday, December 23rd. Scotiabank dropped their price target on Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. National Bank Financial raised Strathcona Resources from a "hold" rating to an "outperform" rating and decreased their target price for the stock from C$36.00 to C$32.00 in a research report on Friday, January 9th. Finally, Jefferies Financial Group lowered their target price on Strathcona Resources from C$29.00 to C$26.00 in a research note on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$33.38.

Strathcona Resources Stock Performance

Shares of TSE SCR traded up C$1.50 during mid-day trading on Tuesday, hitting C$36.60. 223,228 shares of the company were exchanged, compared to its average volume of 286,423. Strathcona Resources has a 1-year low of C$22.75 and a 1-year high of C$45.09. The firm has a market cap of C$7.84 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The company has a quick ratio of 11.09, a current ratio of 1.02 and a debt-to-equity ratio of 19.43. The stock has a 50 day simple moving average of C$28.17 and a 200-day simple moving average of C$34.69.

Strathcona Resources Company Profile

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. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.

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