Jefferies Financial Group Cuts Strathcona Resources (TSE:SCR) Price Target to C$26.00

Strathcona Resources (TSE:SCR) had its price target lowered by analysts at Jefferies Financial Group from C$29.00 to C$26.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price target indicates a potential downside of 0.50% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. National Bankshares upgraded shares of Strathcona Resources from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from C$36.00 to C$32.00 in a research report on Friday, January 9th. TD Securities raised their target price on Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Royal Bank Of Canada dropped their price target on Strathcona Resources from C$40.00 to C$35.00 and set a “moderate buy” rating on the stock in a research report on Tuesday, January 13th. ATB Capital decreased their price objective on Strathcona Resources from C$42.00 to C$32.00 in a research report on Tuesday, December 23rd. Finally, Natl Bk Canada raised Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Strathcona Resources currently has a consensus rating of “Moderate Buy” and an average price target of C$32.43.

Strathcona Resources Trading Down 2.1%

TSE SCR traded down C$0.57 on Tuesday, hitting C$26.13. 101,949 shares of the company were exchanged, compared to its average volume of 203,800. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. Strathcona Resources has a twelve month low of C$22.75 and a twelve month high of C$45.09. The firm has a market capitalization of C$5.60 billion, a P/E ratio of 5.10, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The company’s 50 day moving average price is C$36.26 and its 200-day moving average price is C$36.01.

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.