Strathcona Resources (TSE:SCR) Given a C$40.00 Price Target by Roth Mkm Analysts

Roth Mkm set a C$40.00 target price on Strathcona Resources (TSE:SCR) in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently weighed in on SCR. Jefferies Financial Group dropped their target price on shares of Strathcona Resources from C$29.00 to C$26.00 in a research note on Tuesday, January 20th. Scotiabank decreased their price target on shares of Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. Royal Bank Of Canada lowered their price target on shares of Strathcona Resources from C$40.00 to C$35.00 and set a “moderate buy” rating on the stock in a report on Tuesday, January 13th. ATB Cormark Capital Markets dropped their price objective on Strathcona Resources from C$42.00 to C$32.00 in a research note on Tuesday, December 23rd. Finally, National Bank Financial raised Strathcona Resources from a “hold” rating to an “outperform” rating and reduced their price objective for the company from C$36.00 to C$32.00 in a report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$33.38.

Strathcona Resources Trading Up 5.4%

TSE SCR opened at C$36.98 on Tuesday. The business’s fifty day moving average is C$28.33 and its 200-day moving average is C$34.68. The company has a debt-to-equity ratio of 19.43, a current ratio of 1.02 and a quick ratio of 11.09. The stock has a market capitalization of C$7.92 billion, a price-to-earnings ratio of 7.22, a PEG ratio of -2.02 and a beta of 2.61. Strathcona Resources has a one year low of C$22.75 and a one year high of C$45.09.

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.