TD Securities Upgrades Strathcona Resources (TSE:SCR) to “Strong-Buy”

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

Other research analysts also recently issued research reports about the stock. Scotiabank dropped their price objective on shares of Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. National Bank Financial upped their price objective on shares of Strathcona Resources from C$41.00 to C$69.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada upped their price objective on shares of Strathcona Resources from C$36.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 8th. ATB Cormark Capital Markets decreased their target price on Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. Finally, Roth Mkm set a C$40.00 target price on shares of Strathcona Resources and gave the stock a “buy” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$39.14.

Strathcona Resources Trading Down 5.5%

TSE SCR opened at C$35.97 on Friday. Strathcona Resources has a 12 month low of C$24.46 and a 12 month high of C$45.09. The company has a 50-day moving average of C$35.46 and a 200-day moving average of C$35.12. The company has a debt-to-equity ratio of 49.94, a current ratio of 0.37 and a quick ratio of 11.09. The company has a market cap of C$7.71 billion, a P/E ratio of 8.46, a P/E/G ratio of -2.02 and a beta of 2.61.

About Strathcona Resources

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.