Strathcona Resources (TSE:SCR - Get Free Report) had its target price decreased by National Bankshares from C$38.00 to C$36.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bankshares' price target would indicate a potential upside of 2.13% from the company's current price.
SCR has been the subject of a number of other reports. TD Securities lifted their price objective on Strathcona Resources from C$27.00 to C$35.00 and gave the stock a "hold" rating in a research report on Thursday, October 16th. National Bank Financial upgraded Strathcona Resources to a "strong-buy" rating in a report on Sunday, June 29th. Cibc World Mkts cut Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Royal Bank Of Canada upped their price objective on Strathcona Resources from C$36.00 to C$40.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 16th. Finally, Scotiabank boosted their target price on Strathcona Resources from C$34.00 to C$40.00 and gave the stock an "outperform" rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of C$35.86.
View Our Latest Report on SCR
Strathcona Resources Trading Up 0.9%
SCR stock traded up C$0.30 during midday trading on Wednesday, reaching C$35.25. The stock had a trading volume of 28,638 shares, compared to its average volume of 68,579. The business has a fifty day simple moving average of C$37.16 and a two-hundred day simple moving average of C$32.15. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. The firm has a market cap of C$7.55 billion, a price-to-earnings ratio of 10.59, a PEG ratio of -2.02 and a beta of 2.61. Strathcona Resources has a twelve month low of C$22.75 and a twelve month high of C$39.49.
About Strathcona Resources
(
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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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