Strathcona Resources (TSE:SCR) Sets New 1-Year High at $33.86

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$33.86 and last traded at C$32.91, with a volume of 13481 shares. The stock had previously closed at C$33.03.

Analysts Set New Price Targets

SCR has been the topic of a number of analyst reports. ATB Capital set a C$31.00 price objective on shares of Strathcona Resources and gave the stock an "outperform" rating in a research note on Thursday, February 1st. Scotiabank decreased their price objective on shares of Strathcona Resources from C$40.00 to C$32.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 16th. Jefferies Financial Group set a C$26.00 target price on Strathcona Resources and gave the stock a "hold" rating in a research note on Tuesday, February 27th. Finally, BMO Capital Markets lifted their price target on Strathcona Resources from C$25.00 to C$33.00 in a research note on Thursday, March 28th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$32.43.

Strathcona Resources Trading Up 2.2 %

The business's 50 day simple moving average is C$26.01 and its two-hundred day simple moving average is C$27.25. The stock has a market cap of C$7.23 billion and a P/E ratio of -15.47. The company has a quick ratio of 11.09, a current ratio of 0.42 and a debt-to-equity ratio of 58.40.

Insider Activity at Strathcona Resources

In other news, Director Connie De Ciancio purchased 3,606 shares of the business's stock in a transaction dated Friday, January 12th. The shares were purchased at an average cost of C$22.53 per share, with a total value of C$81,243.18. 8.01% of the stock is currently owned by company insiders.

About Strathcona Resources

Strathcona Resources Ltd. acquires, explores for, develops, and produces petroleum and natural gas reserves in western Canada. It operates through three segments: Cold Lake Thermal, Lloydminster Heavy Oil, and Montney. The Cold Lake Thermal segment includes three producing assets in the Cold Lake region of Northern Alberta; and Lindbergh, Orion, and Tucker.