Strathcona Resources (TSE:SCR) Price Target Lowered to C$35.00 at Royal Bank Of Canada

Strathcona Resources (TSE:SCR) had its price objective decreased by stock analysts at Royal Bank Of Canada from C$40.00 to C$35.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 29.92% from the stock’s previous close.

SCR has been the topic of several other research reports. TD Securities increased their target price on Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Natl Bk Canada upgraded shares of Strathcona Resources from a “hold” rating to a “strong-buy” rating in a report on Friday. ATB Capital lowered their target price on Strathcona Resources from C$42.00 to C$32.00 in a research note on Tuesday, December 23rd. Scotiabank reduced their price target on shares of Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. Finally, Jefferies Financial Group decreased their target price 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, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$32.86.

Strathcona Resources Trading Up 1.2%

Shares of SCR stock traded up C$0.33 during trading hours on Tuesday, hitting C$26.94. 248,177 shares of the company’s stock traded hands, compared to its average volume of 201,309. The stock has a market cap of C$5.77 billion, a PE ratio of 5.26, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. Strathcona Resources has a 12 month low of C$22.75 and a 12 month high of C$45.09. The stock’s 50 day simple moving average is C$37.44 and its 200 day simple moving average is C$36.14. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06.

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.