Strathcona Resources (TSE:SCR - Get Free Report) had its target price lifted by equities research analysts at TD Securities from C$27.00 to C$35.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. TD Securities' price target would suggest a potential downside of 1.49% from the company's previous close.
Other equities analysts have also issued reports about the stock. Scotiabank upped their target price on shares of Strathcona Resources from C$34.00 to C$40.00 and gave the stock an "outperform" rating in a research report on Tuesday. National Bank Financial upgraded shares of Strathcona Resources to a "strong-buy" rating in a research report on Sunday, June 29th. Cibc World Mkts lowered shares of Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, National Bankshares lowered shares of Strathcona Resources from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$42.00 to C$38.00 in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of C$36.14.
Check Out Our Latest Analysis on Strathcona Resources
Strathcona Resources Price Performance
Strathcona Resources stock traded down C$0.81 during trading hours on Thursday, hitting C$35.53. 61,722 shares of the stock were exchanged, compared to its average volume of 68,899. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53. The stock has a market capitalization of C$7.61 billion, a P/E ratio of 10.67, a P/E/G ratio of -2.02 and a beta of 2.61. Strathcona Resources has a 12 month low of C$22.75 and a 12 month high of C$39.49. The business's 50-day moving average is C$37.07 and its two-hundred day moving average is C$31.90.
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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