ATB Capital Has Lowered Expectations for Strathcona Resources (TSE:SCR) Stock Price

Strathcona Resources (TSE:SCR) had its price objective lowered by research analysts at ATB Capital from C$42.00 to C$32.00 in a research report issued on Tuesday,BayStreet.CA reports. ATB Capital’s target price points to a potential upside of 7.38% from the stock’s previous close.

SCR has been the subject of several other reports. TD Securities increased their price target on Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Scotiabank raised their target price on shares of Strathcona Resources from C$34.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Jefferies Financial Group lifted their target price on shares of Strathcona Resources from C$34.00 to C$38.00 in a report on Tuesday, November 11th. Natl Bk Canada downgraded shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Finally, National Bankshares lowered their price objective on Strathcona Resources from C$38.00 to C$36.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Strathcona Resources has an average rating of “Hold” and a consensus price target of C$36.43.

Strathcona Resources Stock Performance

SCR traded down C$9.36 on Tuesday, hitting C$29.80. 132,143 shares of the company traded hands, compared to its average volume of 79,370. The company has a 50 day moving average of C$39.84 and a 200-day moving average of C$36.43. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. The stock has a market capitalization of C$6.38 billion, a PE ratio of 5.82, a PEG ratio of -2.02 and a beta of 2.61. Strathcona Resources has a 12-month low of C$22.75 and a 12-month high of C$45.09.

Strathcona Resources Company Profile

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.