Storm Resources (TSE:SRX) had its price target raised by GMP Securities from C$5.25 to C$5.75 in a report issued on Thursday morning.

Several other analysts also recently issued reports on SRX. CIBC upped their price target on shares of Storm Resources from C$3.00 to C$3.25 in a report on Friday, July 20th. Raymond James upped their price target on shares of Storm Resources from C$4.25 to C$4.50 and gave the company an outperform rating in a report on Wednesday, August 15th. Finally, Industrial Alliance Securities upped their price target on shares of Storm Resources from C$3.75 to C$4.50 in a report on Wednesday, August 15th.

Shares of TSE SRX opened at C$2.21 on Thursday. Storm Resources has a 12-month low of C$0.20 and a 12-month high of C$3.30. The company has a debt-to-equity ratio of 23.45, a quick ratio of 0.54 and a current ratio of 0.57.

About Storm Resources

Storm Resources Ltd. acquires, explores, develops, and produces oil, natural gas, and natural gas liquids in Canada. It primarily owns interests in lands covering approximately an area of 109,000 net acres in 155 net sections located in Umbach. Storm Resources Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.

Featured Story: Float

Receive News & Ratings for Storm Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Storm Resources and related companies with MarketBeat.com's FREE daily email newsletter.