Strathcona Resources (TSE:SCR – Get Free Report) had its price target decreased by equities research analysts at Jefferies Financial Group from C$35.00 to C$30.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 7.64% from the company’s previous close.
A number of other brokerages have also issued reports on SCR. Standpoint Research upped their target price on shares of Strathcona Resources from C$40.00 to C$42.00 in a research report on Thursday, July 11th. Scotiabank upgraded Strathcona Resources to a “strong-buy” rating in a research report on Friday, June 14th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.75.
Get Our Latest Research Report on SCR
Strathcona Resources Price Performance
Strathcona Resources (TSE:SCR – Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$1.43 earnings per share (EPS) for the quarter. Strathcona Resources had a return on equity of 12.32% and a net margin of 11.62%. The business had revenue of C$992.90 million during the quarter, compared to analysts’ expectations of C$978.00 million. On average, analysts anticipate that Strathcona Resources will post 4.0757143 earnings per share for the current year.
Insiders Place Their Bets
In related news, Senior Officer Scott Seipert purchased 5,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average cost of C$30.50 per share, with a total value of C$152,500.00. In other Strathcona Resources news, Director Navjeet Dhillon bought 3,455 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of C$31.75 per share, with a total value of C$109,696.25. Also, Senior Officer Scott Seipert purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost of C$30.50 per share, for a total transaction of C$152,500.00. Company insiders own 91.34% of the company’s stock.
About Strathcona Resources
Strathcona Resources Ltd. acquires, explores, develops, and produces petroleum and natural gas reserves in Canada. It operates through three segments: Cold Lake Thermal, Lloydminster Heavy Oil, and Montney. The Cold Lake Thermal segment includes three producing assets in the Cold Lake region of Northern Alberta; and Lindbergh, Orion, and Tucker.
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