Storm Resources (SRX) PT Lowered to C$2.50 at Royal Bank of Canada

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Storm Resources (TSE:SRX) had its price objective cut by Royal Bank of Canada from C$3.50 to C$2.50 in a report released on Tuesday morning.

SRX has been the topic of a number of other research reports. GMP Securities cut their price objective on shares of Storm Resources from C$5.75 to C$3.75 in a research report on Thursday, December 13th. Raymond James cut their price objective on shares of Storm Resources from C$4.50 to C$3.80 in a research report on Friday, October 5th. Finally, National Bank Financial cut their price objective on shares of Storm Resources from C$4.00 to C$3.25 in a research report on Monday, December 10th.

SRX stock opened at C$1.93 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.45 and a debt-to-equity ratio of 20.71. Storm Resources has a twelve month low of C$1.43 and a twelve month high of C$3.30.

Storm Resources (TSE:SRX) last posted its quarterly earnings data on Wednesday, November 14th. The company reported C$0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.10 by C($0.04). The business had revenue of C$51.25 million for the quarter, compared to analyst estimates of C$51.80 million. Equities research analysts forecast that Storm Resources will post 0.469999989583784 earnings per share for the current year.

About Storm Resources

Storm Resources Ltd. acquires, explores, develops, and produces oil, natural gas, and natural gas liquids in Canada. It primarily owns interests in lands covering approximately an area of 109,000 net acres in 155 net sections located in Umbach. Storm Resources Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.

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