Storm Resources (TSE:SRX) had its price target lowered by Royal Bank of Canada from C$3.50 to C$2.50 in a research report report published on Tuesday.

SRX has been the subject of several other reports. GMP Securities decreased their price target on shares of Storm Resources from C$5.75 to C$3.75 in a research report on Thursday, December 13th. Raymond James decreased their price target on shares of Storm Resources from C$4.50 to C$3.80 in a research report on Friday, October 5th. Finally, National Bank Financial decreased their price target on shares of Storm Resources from C$4.00 to C$3.25 in a research report on Monday, December 10th.

Shares of Storm Resources stock opened at C$1.93 on Tuesday. The company has a current ratio of 0.45, a quick ratio of 0.43 and a debt-to-equity ratio of 20.71. Storm Resources has a 1 year low of C$1.43 and a 1 year high of C$3.30.

Storm Resources (TSE:SRX) last issued its earnings results on Wednesday, November 14th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.10 by C($0.04). The business had revenue of C$51.25 million for the quarter, compared to the consensus estimate of C$51.80 million. Research analysts expect that Storm Resources will post 0.469999989583784 earnings per share for the current year.

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.

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