Strathcona Resources (TSE:SCR – Get Free Report) had its price objective reduced by research analysts at National Bank Financial from C$63.00 to C$62.00 in a report issued on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 40.46% from the company’s current price.
Strathcona Resources Trading Down 1.5%
Shares of SCR stock traded down C$0.65 during mid-day trading on Tuesday, reaching C$44.14. The company’s stock had a trading volume of 470,836 shares, compared to its average volume of 432,973. The company’s 50 day simple moving average is C$42.18 and its 200-day simple moving average is C$41.80. Strathcona Resources has a 12-month low of C$25.79 and a 12-month high of C$51.70. The company has a quick ratio of 11.09, a current ratio of 0.43 and a debt-to-equity ratio of 43.82. The firm has a market capitalization of C$9.46 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of -2.02 and a beta of -0.16.
Strathcona Resources (TSE:SCR – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$1.76 earnings per share for the quarter. Strathcona Resources had a net margin of 19.41% and a return on equity of 17.02%. The business had revenue of C$1.40 billion for the quarter. On average, research analysts predict that Strathcona Resources will post 2.85 EPS for the current fiscal year.
About Strathcona Resources
Strathcona is one of North America’s fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.
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