Strathcona Resources (TSE:SCR) Price Target Cut to C$32.00 by Analysts at TD Securities

Strathcona Resources (TSE:SCR) had its price target trimmed by TD Securities from C$34.00 to C$32.00 in a report released on Tuesday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada set a C$35.00 price target on shares of Strathcona Resources and gave the company a sector perform rating in a research report on Tuesday, October 10th. BMO Capital Markets reduced their price target on shares of Strathcona Resources from C$33.00 to C$31.00 in a research report on Monday, October 16th. Scotiabank set a C$40.00 price target on shares of Strathcona Resources and gave the company an outperform rating in a research report on Friday, October 6th. Finally, CIBC set a C$40.00 price target on shares of Strathcona Resources and gave the company an outperform rating in a research report on Friday, October 20th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of C$35.00.

Strathcona Resources Trading Down 2.5 %

SCR stock opened at C$22.65 on Tuesday. The company has a debt-to-equity ratio of 58.12, a quick ratio of 11.09 and a current ratio of 0.69. The stock has a 50 day moving average of C$34.81. The company has a market capitalization of C$4.85 billion and a PE ratio of -10.32. Strathcona Resources has a 1-year low of C$22.34 and a 1-year high of C$30.48.

Strathcona Resources Company Profile

Strathcona Resources Ltd. acquires, explores for, develops, and produces petroleum and natural gas reserves in western Canada. The company has 100% interests in the Cactus Lake property located to the south of Macklin, Saskatchewan; the Winter property located to the northwest of Unity, Saskatchewan; and the Court property located to the southeast of Kerrobert, Saskatchewan.