Strathcona Resources (TSE:SCR) Given a C$42.00 Price Target at National Bankshares

Strathcona Resources (TSE:SCR - Get Free Report) received a C$42.00 price target from investment analysts at National Bankshares in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price target indicates a potential upside of 40.00% from the company's current price.

Other equities research analysts have also issued research reports about the company. Scotiabank upgraded Strathcona Resources to a "strong-buy" rating in a research report on Wednesday, March 19th. CIBC lowered their price target on shares of Strathcona Resources from C$37.00 to C$33.00 in a report on Thursday, April 10th. TD Securities cut their price objective on shares of Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating for the company in a report on Thursday, March 6th. ATB Capital increased their target price on shares of Strathcona Resources from C$32.00 to C$35.00 and gave the stock a "sector perform" rating in a research note on Tuesday, June 17th. Finally, Royal Bank Of Canada raised their target price on Strathcona Resources from C$34.00 to C$36.00 in a research report on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$35.75.

Strathcona Resources Stock Performance

Shares of SCR traded down C$0.56 during mid-day trading on Monday, reaching C$30.00. The company had a trading volume of 57,706 shares, compared to its average volume of 49,868. The stock has a market capitalization of C$6.42 billion and a P/E ratio of 17.30. Strathcona Resources has a 52-week low of C$22.75 and a 52-week high of C$33.57. The stock has a 50 day moving average of C$28.91 and a two-hundred day moving average of C$28.16. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06.

Insiders Place Their Bets

In other news, Senior Officer Pit Kim Chiu acquired 1,665 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was bought at an average cost of C$30.00 per share, for a total transaction of C$49,950.00. Over the last 90 days, insiders have bought 3,490 shares of company stock valued at $98,882. Company insiders own 91.34% of the company's stock.

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.