Strathcona Resources (TSE:SCR) Upgraded to “Strong-Buy” at Natl Bk Canada

Strathcona Resources (TSE:SCR) was upgraded by investment analysts at Natl Bk Canada from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

Several other analysts have also recently commented on the stock. TD Securities raised their price objective on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Scotiabank dropped their target price on shares of Strathcona Resources from C$40.00 to C$33.00 in a report on Tuesday, December 30th. National Bankshares upgraded shares of Strathcona Resources from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from C$36.00 to C$32.00 in a research report on Friday. ATB Capital decreased their price target on Strathcona Resources from C$42.00 to C$32.00 in a research note on Tuesday, December 23rd. Finally, Jefferies Financial Group lowered their price target on Strathcona Resources from C$38.00 to C$29.00 in a report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Strathcona Resources currently has an average rating of “Moderate Buy” and an average price target of C$33.57.

Strathcona Resources Trading Down 0.9%

TSE:SCR opened at C$26.50 on Friday. Strathcona Resources has a 1 year low of C$22.75 and a 1 year high of C$45.09. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53. The stock has a fifty day moving average price of C$37.66 and a two-hundred day moving average price of C$36.09. The stock has a market capitalization of C$5.68 billion, a price-to-earnings ratio of 5.18, a PEG ratio of -2.02 and a beta of 2.61.

Strathcona Resources Company Profile

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.