National Bank Financial Issues Positive Forecast for Strathcona Resources (TSE:SCR) Stock Price

Strathcona Resources (TSE:SCR) had its price target upped by investment analysts at National Bank Financial from C$32.00 to C$41.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 3.20% from the stock’s previous close.

Several other research firms also recently issued reports on SCR. Royal Bank Of Canada upped their price objective on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Friday. ATB Cormark Capital Markets cut their target price on shares of Strathcona Resources from C$42.00 to C$32.00 in a research report on Tuesday, December 23rd. Jefferies Financial Group decreased their price target on shares of Strathcona Resources from C$29.00 to C$26.00 in a report on Tuesday, January 20th. TD Securities lowered their price target on Strathcona Resources from C$27.00 to C$25.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Roth Mkm set a C$40.00 price objective on Strathcona Resources and gave the stock a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Strathcona Resources has an average rating of “Hold” and a consensus target price of C$33.25.

Strathcona Resources Stock Performance

SCR stock traded up C$0.22 during midday trading on Friday, hitting C$39.73. 207,817 shares of the company traded hands, compared to its average volume of 299,279. Strathcona Resources has a twelve month low of C$22.75 and a twelve month high of C$45.09. The stock has a market capitalization of C$8.51 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The company has a quick ratio of 11.09, a current ratio of 1.02 and a debt-to-equity ratio of 19.43. The business has a 50 day simple moving average of C$28.76 and a 200-day simple moving average of C$34.74.

About Strathcona Resources

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.