Strathcona Resources (TSE:SCR) Upgraded by National Bank Financial to Strong-Buy Rating

Strathcona Resources (TSE:SCR - Get Free Report) was upgraded by National Bank Financial to a "strong-buy" rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

A number of other research analysts have also weighed in on SCR. Scotiabank raised Strathcona Resources to a "strong-buy" rating in a research note on Wednesday, March 19th. ATB Capital increased their price objective 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 Bankshares set a C$42.00 price target on shares of Strathcona Resources and gave the company an "outperform" rating in a report on Monday. Royal Bank Of Canada increased their target price on shares of Strathcona Resources from C$34.00 to C$36.00 in a research report on Thursday, May 22nd. Finally, CIBC reduced their price target on shares of Strathcona Resources from C$37.00 to C$33.00 in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$35.75.

Strathcona Resources Stock Performance

TSE:SCR traded up C$0.30 during mid-day trading on Friday, reaching C$30.35. The stock had a trading volume of 18,827 shares, compared to its average volume of 49,288. The business has a 50 day simple moving average of C$28.72 and a 200 day simple moving average of C$28.13. The firm has a market capitalization of C$6.49 billion and a price-to-earnings ratio of 17.50. 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 twelve month low of C$22.75 and a twelve month high of C$33.72.

Insider Buying and Selling at Strathcona Resources

In related news, Senior Officer Pit Kim Chiu purchased 1,665 shares of the stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average cost of C$30.00 per share, for a total transaction of C$49,950.00. In the last 90 days, insiders bought 3,490 shares of company stock valued at $98,882. 91.34% of the stock is owned by corporate insiders.

About Strathcona Resources

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.