Strathcona Resources (TSE:SCR - Get Free Report) was upgraded by investment analysts at National Bank Financial to a "strong-buy" rating in a research note issued to investors on Sunday,Zacks.com reports.
Other equities research analysts have also recently issued reports about the company. Scotiabank raised Strathcona Resources to a "strong-buy" rating in a research note on Wednesday, March 19th. CIBC cut their target price on Strathcona Resources from C$37.00 to C$33.00 in a research report on Thursday, April 10th. TD Securities decreased their price target on Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating on the stock in a report on Thursday, March 6th. National Bankshares set a C$42.00 price objective on shares of Strathcona Resources and gave the company an "outperform" rating in a research report on Monday. Finally, Royal Bank Of Canada raised their target price on shares of Strathcona Resources from C$34.00 to C$36.00 in a report on Thursday, May 22nd. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$35.75.
Read Our Latest Stock Report on SCR
Strathcona Resources Price Performance
Shares of Strathcona Resources stock traded down C$0.11 during trading on Friday, reaching C$29.89. 21,526 shares of the stock traded hands, compared to its average volume of 49,646. Strathcona Resources has a 52-week low of C$22.75 and a 52-week high of C$33.57. 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 business has a fifty day simple moving average of C$28.91 and a two-hundred day simple moving average of C$28.16. The company has a market capitalization of C$6.39 billion and a price-to-earnings ratio of 17.24.
Insider Activity
In related news, Senior Officer Pit Kim Chiu purchased 1,665 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were acquired at an average price of C$30.00 per share, for a total transaction of C$49,950.00. Insiders have bought a total of 3,490 shares of company stock worth $98,882 in the last 90 days. Corporate insiders own 91.34% of the company's stock.
Strathcona Resources Company Profile
(
Get Free Report)
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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