Strathcona Resources (TSE:SCR) Stock Price Expected to Rise, National Bank Financial Analyst Says

Strathcona Resources (TSE:SCR) had its price target boosted by stock analysts at National Bank Financial from C$41.00 to C$69.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 65.27% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Royal Bank Of Canada lifted their price target on Strathcona Resources from C$35.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Friday, March 13th. Jefferies Financial Group reduced their price objective on Strathcona Resources from C$29.00 to C$26.00 in a research note on Tuesday, January 20th. TD Securities decreased their target price on Strathcona Resources from C$27.00 to C$25.00 and set a “hold” rating on the stock in a research report on Friday, March 13th. ATB Cormark Capital Markets lowered their target price on Strathcona Resources from C$42.00 to C$32.00 in a research note 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 report on Tuesday, March 10th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$36.75.

Strathcona Resources Price Performance

SCR traded down C$1.43 during trading on Tuesday, hitting C$41.75. 320,739 shares of the stock traded hands, compared to its average volume of 384,027. The business has a 50 day moving average price of C$31.76 and a 200 day moving average price of C$34.80. The company has a debt-to-equity ratio of 49.94, a current ratio of 0.37 and a quick ratio of 11.09. Strathcona Resources has a twelve month low of C$22.75 and a twelve month high of C$45.09. The company has a market cap of C$8.94 billion, a price-to-earnings ratio of 9.82, a PEG 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.