Jefferies Financial Group Raises Strathcona Resources (TSE:SCR) Price Target to C$36.00

Strathcona Resources (TSE:SCR - Free Report) had its target price hoisted by Jefferies Financial Group from C$26.00 to C$36.00 in a research note issued to investors on Friday, BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other equities research analysts have also recently issued reports on SCR. Scotiabank decreased their price target 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. Royal Bank of Canada raised their price target on shares of Strathcona Resources from C$31.00 to C$38.00 in a research note on Tuesday. BMO Capital Markets raised their price target on shares of Strathcona Resources from C$25.00 to C$33.00 in a research note on Thursday, March 28th. Finally, ATB Capital set a C$31.00 price target on shares of Strathcona Resources and gave the stock an outperform rating in a research note on Thursday, February 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Strathcona Resources has a consensus rating of Hold and an average target price of C$34.57.

Strathcona Resources Price Performance

TSE:SCR traded down C$1.09 during mid-day trading on Friday, hitting C$33.09. 67,117 shares of the company's stock traded hands, compared to its average volume of 43,740. The company has a debt-to-equity ratio of 58.40, a quick ratio of 11.09 and a current ratio of 0.42. The firm's 50 day simple moving average is C$26.81 and its 200 day simple moving average is C$26.98. Strathcona Resources has a 1 year low of C$20.16 and a 1 year high of C$34.98. The company has a market cap of C$7.09 billion and a PE ratio of -15.21.

Strathcona Resources (TSE:SCR - Get Free Report) last posted its earnings results on Tuesday, March 26th. The company reported C$1.23 earnings per share for the quarter, missing the consensus estimate of C$1.32 by C($0.09). Strathcona Resources had a net margin of 13.63% and a return on equity of 12.32%. The business had revenue of C$1.29 billion for the quarter, compared to analysts' expectations of C$869.00 million. Sell-side analysts expect that Strathcona Resources will post 4.4259502 EPS for the current year.

Strathcona Resources Company Profile

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.