Strathcona Resources (TSE:SCR) Price Target Increased to C$40.00 by Analysts at CIBC

Strathcona Resources (TSE:SCR) had its target price upped by CIBC from C$35.00 to C$40.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on SCR. Scotiabank cut their price objective on Strathcona Resources from C$40.00 to C$32.00 and set a sector perform rating on the stock in a research report on Tuesday, January 16th. ATB Capital set a C$31.00 target price on Strathcona Resources and gave the stock an outperform rating in a research note on Thursday, February 1st. BMO Capital Markets increased their price target on shares of Strathcona Resources from C$25.00 to C$33.00 in a research report on Thursday, March 28th. Jefferies Financial Group raised their price objective on shares of Strathcona Resources from C$26.00 to C$36.00 and gave the stock a hold rating in a report on Friday, April 12th. Finally, Royal Bank of Canada boosted their target price on shares of Strathcona Resources from C$31.00 to C$38.00 in a research note on Tuesday, April 9th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Strathcona Resources presently has a consensus rating of Hold and a consensus target price of C$34.57.

Strathcona Resources Stock Down 1.7 %

SCR opened at C$32.93 on Monday. Strathcona Resources has a fifty-two week low of C$20.16 and a fifty-two week high of C$34.98. The firm has a market capitalization of C$7.05 billion and a P/E ratio of -15.01. The company’s 50-day moving average is C$28.51 and its 200 day moving average is C$25.81. The company has a debt-to-equity ratio of 58.40, a current ratio of 0.42 and a quick ratio of 11.09.

Strathcona Resources (TSE:SCR) last posted its quarterly earnings data on Tuesday, March 26th. The company reported C$1.23 EPS for the quarter, missing the consensus estimate of C$1.32 by C($0.09). Strathcona Resources had a net margin of 13.63% and a return on equity of 12.32%. The firm had revenue of C$1.29 billion during the quarter, compared to analysts’ expectations of C$869.00 million. Research analysts expect that Strathcona Resources will post 4.4259502 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert J. Morgan bought 2,993 shares of Strathcona Resources stock in a transaction on Monday, April 15th. The stock was acquired at an average price of C$34.20 per share, with a total value of C$102,360.60. 8.01% of the stock is owned by insiders.

Strathcona Resources Company Profile

Strathcona Resources Ltd. acquires, explores, develops, and produces petroleum and natural gas reserves in Canada. It operates through three segments: Cold Lake Thermal, Lloydminster Heavy Oil, and Montney. The Cold Lake Thermal segment includes three producing assets in the Cold Lake region of Northern Alberta; and Lindbergh, Orion, and Tucker.