Strathcona Resources (TSE:SCR) Raised to Strong-Buy at Natl Bk Canada

Strathcona Resources (TSE:SCR) was upgraded by stock analysts at Natl Bk Canada from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Several other analysts also recently weighed in on SCR. TD Securities boosted their target price on Strathcona Resources from C$35.00 to C$36.00 and gave the company a “hold” rating in a report on Friday, November 7th. ATB Capital cut their price target on Strathcona Resources from C$42.00 to C$32.00 in a research report on Tuesday, December 23rd. Scotiabank reduced their price objective on Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. Royal Bank Of Canada raised their target price on shares of Strathcona Resources from C$36.00 to C$40.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 16th. Finally, Jefferies Financial Group reduced their price target on shares of Strathcona Resources from C$38.00 to C$29.00 in a research report on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Strathcona Resources currently has an average rating of “Moderate Buy” and an average target price of C$33.57.

Strathcona Resources Price Performance

Shares of SCR opened at C$26.50 on Friday. Strathcona Resources has a 1-year low of C$22.75 and a 1-year high of C$45.09. The stock has a market cap of C$5.68 billion, a PE ratio of 5.18, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. The firm has a fifty day moving average price of C$37.66 and a 200 day moving average price of C$36.13.

Strathcona Resources Company Profile

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. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.