Strathcona Resources (TSE:SCR) PT Set at C$42.00 by National Bankshares

Strathcona Resources (TSE:SCR - Get Free Report) has been assigned a C$42.00 price target by analysts at National Bankshares in a research note issued on Monday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' target price indicates a potential upside of 37.43% from the stock's previous close.

Several other brokerages have also recently weighed in on SCR. TD Securities dropped 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 research note on Thursday, March 6th. Scotiabank upgraded shares of Strathcona Resources to a "strong-buy" rating in a research report on Wednesday, March 19th. Royal Bank Of Canada increased their price target on Strathcona Resources from C$34.00 to C$36.00 in a research report on Thursday, May 22nd. CIBC dropped their price objective on Strathcona Resources from C$37.00 to C$33.00 in a report on Thursday, April 10th. Finally, ATB Capital upped their target price on Strathcona Resources from C$32.00 to C$35.00 and gave the company a "sector perform" rating in a research report on Tuesday, June 17th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Strathcona Resources currently has an average rating of "Moderate Buy" and a consensus price target of C$35.75.

Strathcona Resources Stock Performance

SCR traded up C$0.51 during trading on Monday, hitting C$30.56. The stock had a trading volume of 82,492 shares, compared to its average volume of 49,806. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. The company has a 50 day moving average price of C$28.72 and a 200-day moving average price of C$28.13. Strathcona Resources has a one year low of C$22.75 and a one year high of C$33.72. The firm has a market cap of C$6.54 billion and a price-to-earnings ratio of 17.63.

Insider Transactions at Strathcona Resources

In other Strathcona Resources news, Senior Officer Pit Kim Chiu acquired 1,665 shares of Strathcona Resources stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average price of C$30.00 per share, with a total value of C$49,950.00. In the last three months, insiders have purchased 3,490 shares of company stock valued at $98,882. 91.34% of the stock is owned by company insiders.

About Strathcona Resources

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.