Scotiabank Has Lowered Expectations for Strathcona Resources (TSE:SCR) Stock Price

Strathcona Resources (TSE:SCR) had its price target decreased by equities researchers at Scotiabank from C$40.00 to C$33.00 in a report released on Tuesday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 14.38% from the stock’s current price.

SCR has been the subject of a number of other reports. National Bankshares reduced their target price on shares of Strathcona Resources from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a report on Wednesday, October 22nd. ATB Capital reduced their price objective on Strathcona Resources from C$42.00 to C$32.00 in a research note on Tuesday, December 23rd. Royal Bank Of Canada boosted their target price on Strathcona Resources from C$36.00 to C$40.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 16th. Natl Bk Canada downgraded Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Finally, TD Securities lifted their price target on Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Strathcona Resources has an average rating of “Hold” and a consensus price target of C$35.43.

Strathcona Resources Price Performance

Strathcona Resources stock traded up C$0.30 during midday trading on Tuesday, hitting C$28.85. The company’s stock had a trading volume of 52,903 shares, compared to its average volume of 79,726. Strathcona Resources has a 12 month low of C$22.75 and a 12 month high of C$45.09. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. The company has a market capitalization of C$6.18 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The stock’s 50-day moving average price is C$39.13 and its 200-day moving average price is C$36.37.

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.