Strathcona Resources (TSE:SCR) Sets New 1-Year High - Should You Buy?

Key Points

• Strathcona Resources reached a new 52-week high, trading as high as C$34.46 and last at C$34.15 on a volume of 266,964 shares.
• Analysts are split but the consensus is a Moderate Buy (three Buy, three Hold) with an average target of C$32.43—below the current price—and several firms have recently revised targets both up and down.
• The stock appears cheaply valued on reported metrics (market cap C$7.37B, PE 6.71) but shows higher volatility (beta 2.61) and mixed balance-sheet/momentum signals (50‑day MA C$27.94 vs 200‑day MA C$34.79, current ratio 1.02, quick ratio 11.09, debt‑to‑equity 19.43).

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as C$34.46 and last traded at C$34.15, with a volume of 266964 shares changing hands. The stock had previously closed at C$32.73.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SCR shares. Jefferies Financial Group cut their price objective on shares of Strathcona Resources from C$29.00 to C$26.00 in a research report on Tuesday, January 20th. Scotiabank dropped their price target on shares of Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. TD Securities upped their price target on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the company a "hold" rating in a report on Friday, November 7th. Royal Bank Of Canada decreased their price objective on shares of Strathcona Resources from C$40.00 to C$35.00 and set a "moderate buy" rating for the company in a research note on Tuesday, January 13th. Finally, National Bank Financial raised Strathcona Resources from a "hold" rating to an "outperform" rating and cut their target price for the company from C$36.00 to C$32.00 in a research note on Friday, January 9th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$32.43.

Strathcona Resources Stock Performance

The business's 50-day moving average price is C$27.94 and its 200-day moving average price is C$34.79. The stock has a market cap of C$7.37 billion, a PE ratio of 6.71, a P/E/G ratio of -2.02 and a beta of 2.61. The company has a current ratio of 1.02, a quick ratio of 11.09 and a debt-to-equity ratio of 19.43.

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. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.