Strathcona Resources (TSE:SCR) Lowered to "Sector Perform" Rating by National Bankshares

Key Points

• Strathcona Resources has been downgraded from an "outperform" to a "sector perform" rating by National Bankshares, with a new price target of C$38.00, down from C$42.00.
• Other research firms have provided mixed ratings on Strathcona Resources, with one analyst giving it a "Strong Buy," while others have lowered their targets or maintained a "Hold" status.
• The stock showed an increase, trading at C$36.77, with a market capitalization of C$7.88 billion and a P/E ratio of 11.04.

Strathcona Resources (TSE:SCR - Get Free Report) was downgraded by analysts at National Bankshares from an "outperform" rating to a "sector perform" rating in a research note issued to investors on Tuesday,BayStreet.CA reports. They presently have a C$38.00 price target on the stock, down from their prior price target of C$42.00. National Bankshares' price objective would indicate a potential upside of 3.35% from the company's previous close.

Several other research firms have also weighed in on SCR. ATB Capital upped 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 report on Tuesday, June 17th. National Bank Financial raised shares of Strathcona Resources to a "strong-buy" rating in a report on Sunday, June 29th. Finally, Cibc World Mkts lowered shares of Strathcona Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$34.71.

Strathcona Resources Stock Performance

Shares of Strathcona Resources stock traded up C$1.38 on Tuesday, reaching C$36.77. The stock had a trading volume of 150,273 shares, compared to its average volume of 68,276. The business's 50-day moving average price is C$36.96 and its two-hundred day moving average price is C$31.84. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53. Strathcona Resources has a fifty-two week low of C$22.75 and a fifty-two week high of C$39.49. The stock has a market cap of C$7.88 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61.

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.

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