Strathcona Resources (TSE:SCR) PT Lowered to C$30.00

Strathcona Resources (TSE:SCR) had its target price reduced by stock analysts at TD Securities from C$34.00 to C$30.00 in a research note issued on Tuesday, BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 12.74% from the stock’s previous close.

A number of other research analysts have also commented on SCR. Scotiabank raised Strathcona Resources to a “strong-buy” rating in a report on Friday, June 14th. Standpoint Research increased their price target on Strathcona Resources from C$40.00 to C$42.00 in a report on Thursday, July 11th. Royal Bank of Canada reduced their price objective on shares of Strathcona Resources from C$37.00 to C$34.00 in a research note on Tuesday, September 17th. Finally, Jefferies Financial Group lowered their target price on shares of Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Four equities research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$34.25.

Strathcona Resources Stock Performance

SCR stock opened at C$26.61 on Tuesday. The firm has a 50 day moving average of C$29.62 and a two-hundred day moving average of C$31.26. Strathcona Resources has a 12 month low of C$20.16 and a 12 month high of C$37.69. The company has a market capitalization of C$5.70 billion and a price-to-earnings ratio of 6.19. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 50.29.

Strathcona Resources (TSE:SCR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$1.43 earnings per share (EPS) for the quarter. Strathcona Resources had a net margin of 11.62% and a return on equity of 12.32%. The firm had revenue of C$992.90 million during the quarter, compared to analysts’ expectations of C$978.00 million. As a group, equities analysts anticipate that Strathcona Resources will post 2.8503055 EPS for the current fiscal year.

Insider Buying and Selling at Strathcona Resources

In related news, Director Navjeet Dhillon acquired 3,455 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were bought at an average price of C$31.75 per share, for a total transaction of C$109,696.25. In other news, Senior Officer Scott Seipert bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of C$30.50 per share, for a total transaction of C$152,500.00. Also, Director Navjeet Dhillon purchased 3,455 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were acquired at an average price of C$31.75 per share, for a total transaction of C$109,696.25. Insiders own 91.34% of the company’s stock.

Strathcona Resources Company Profile

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.