Strathcona Resources (TSE:SCR) Price Target Cut to C$62.00 by Analysts at National Bank Financial

Strathcona Resources (TSE:SCR) had its price target lowered by stock analysts at National Bank Financial from C$63.00 to C$62.00 in a report released on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 40.46% from the company’s current price.

Strathcona Resources Stock Down 1.5%

Shares of SCR traded down C$0.65 during mid-day trading on Tuesday, reaching C$44.14. 470,836 shares of the stock traded hands, compared to its average volume of 432,973. The stock has a fifty day simple moving average of C$42.18 and a 200 day simple moving average of C$41.80. Strathcona Resources has a 12-month low of C$25.79 and a 12-month high of C$51.70. The company has a quick ratio of 11.09, a current ratio of 0.43 and a debt-to-equity ratio of 43.82. The firm has a market cap of C$9.46 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of -2.02 and a beta of -0.16.

Strathcona Resources (TSE:SCR) last announced its earnings results on Thursday, August 6th. The company reported C$1.76 earnings per share for the quarter. The business had revenue of C$1.40 billion during the quarter. Strathcona Resources had a net margin of 19.41% and a return on equity of 17.02%. Sell-side analysts expect that Strathcona Resources will post 2.85 EPS for the current fiscal year.

Strathcona Resources Company Profile

Strathcona is one of North America’s fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.