Strathcona Resources (TSE:SCR) Upgraded at Jefferies Financial Group

Strathcona Resources (TSE:SCR) was upgraded by investment analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a C$56.00 target price on the stock, up from their previous target price of C$45.00. Jefferies Financial Group’s price target suggests a potential upside of 17.20% from the stock’s current price.

Several other brokerages have also issued reports on SCR. National Bank Financial raised their price target on shares of Strathcona Resources from C$41.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada lifted their price objective on shares of Strathcona Resources from C$36.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 8th. Roth Mkm set a C$40.00 price objective on shares of Strathcona Resources and gave the company a “buy” rating in a research note on Tuesday, March 10th. Finally, TD Securities upgraded shares of Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$43.43.

Strathcona Resources Stock Performance

Shares of SCR stock traded up C$1.41 during trading hours on Thursday, hitting C$47.78. 295,357 shares of the company were exchanged, compared to its average volume of 418,842. The firm has a fifty day simple moving average of C$42.08 and a 200 day simple moving average of C$36.49. The company has a current ratio of 0.39, a quick ratio of 11.09 and a debt-to-equity ratio of 50.35. Strathcona Resources has a 52-week low of C$25.79 and a 52-week high of C$51.70. The stock has a market capitalization of C$10.24 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of -2.02 and a beta of 2.61.

Strathcona Resources Company Profile

Strathcona is one of North America’s fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.