Strathcona Resources (TSE:SCR) Price Target Raised to C$50.00

Strathcona Resources (TSE:SCR) had its price objective boosted by stock analysts at ATB Cormark Capital Markets from C$46.00 to C$50.00 in a research note issued to investors on Thursday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets‘s price target would suggest a potential upside of 16.71% from the stock’s current price.

Separately, National Bank Financial lowered their target price on Strathcona Resources from C$63.00 to C$62.00 and set an “outperform” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Strathcona Resources presently has an average rating of “Moderate Buy” and a consensus target price of C$45.00.

Strathcona Resources Stock Down 1.7%

Shares of SCR stock traded down C$0.76 on Thursday, reaching C$42.84. 1,355,799 shares of the company’s stock traded hands, compared to its average volume of 435,702. Strathcona Resources has a 12-month low of C$25.79 and a 12-month high of C$51.70. The company has a debt-to-equity ratio of 43.82, a quick ratio of 11.09 and a current ratio of 0.43. The company has a market capitalization of C$9.18 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of -2.02 and a beta of -0.16. The business’s 50 day moving average price is C$42.23 and its two-hundred day moving average price is C$41.84.

Strathcona Resources (TSE:SCR) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.76 earnings per share for the quarter. The firm had revenue of C$1.40 billion for the quarter. Strathcona Resources had a return on equity of 17.02% and a net margin of 19.41%. On average, equities analysts forecast that Strathcona Resources will post 2.85 earnings per share for the current 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.