Strathcona Resources (TSE:SCR) Given New C$38.00 Price Target at Royal Bank of Canada

Strathcona Resources (TSE:SCR - Get Free Report) had its price objective upped by analysts at Royal Bank of Canada from C$31.00 to C$38.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Royal Bank of Canada's price target points to a potential upside of 12.26% from the stock's current price.

Other equities research analysts also recently issued reports about the company. ATB Capital set a C$31.00 price target on Strathcona Resources and gave the company an "outperform" rating in a research report on Thursday, February 1st. Scotiabank lowered their price target on Strathcona Resources from C$40.00 to C$32.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 16th. BMO Capital Markets raised their price target on Strathcona Resources from C$25.00 to C$33.00 in a research report on Thursday, March 28th. Finally, Jefferies Financial Group set a C$26.00 price target on Strathcona Resources and gave the company a "hold" rating in a research report on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$33.14.

Strathcona Resources Stock Performance

Shares of TSE:SCR traded up C$0.08 during midday trading on Tuesday, hitting C$33.85. The company's stock had a trading volume of 58,021 shares, compared to its average volume of 43,411. The stock has a market capitalization of C$7.25 billion and a price-to-earnings ratio of -15.41. The stock's 50 day simple moving average is C$26.20 and its 200 day simple moving average is C$27.19. Strathcona Resources has a fifty-two week low of C$20.16 and a fifty-two week high of C$34.13. The company has a debt-to-equity ratio of 58.40, a quick ratio of 11.09 and a current ratio of 0.42.

Insider Buying and Selling

In other news, Director Connie De Ciancio bought 3,606 shares of the firm's stock in a transaction that occurred on Friday, January 12th. The shares were acquired 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 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.