Strathcona Resources (TSE:SCR) Upgraded by National Bankshares to Outperform Rating

Strathcona Resources (TSE:SCR) was upgraded by equities researchers at National Bankshares from a “sector perform” rating to an “outperform” rating in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a C$32.00 target price on the stock, down from their previous target price of C$36.00. National Bankshares’ target price points to a potential upside of 20.57% from the stock’s current price.

SCR has been the subject of a number of other research reports. TD Securities upped their price target on Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Jefferies Financial Group decreased their target price on shares of Strathcona Resources from C$38.00 to C$29.00 in a research note on Monday. Natl Bk Canada lowered shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Scotiabank cut their price objective on shares of Strathcona Resources from C$40.00 to C$33.00 in a report on Tuesday, December 30th. Finally, ATB Capital decreased their price objective on shares of Strathcona Resources from C$42.00 to C$32.00 in a research report on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Strathcona Resources has an average rating of “Moderate Buy” and an average target price of C$33.57.

Strathcona Resources Stock Down 0.8%

TSE SCR traded down C$0.21 during trading hours on Friday, hitting C$26.54. The company had a trading volume of 172,123 shares, compared to its average volume of 165,713. The firm’s 50 day moving average is C$37.87 and its 200 day moving average is C$36.12. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. Strathcona Resources has a fifty-two week low of C$22.75 and a fifty-two week high of C$45.09. The company has a market capitalization of C$5.69 billion, a price-to-earnings ratio of 5.18, a P/E/G ratio of -2.02 and a beta of 2.61.

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.