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

Strathcona Resources (TSE:SCR) had its target price lowered by TD Securities from C$27.00 to C$25.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential downside of 37.08% from the stock’s current price.

Several other equities research analysts also recently weighed in on SCR. Royal Bank Of Canada reduced their price target on shares of Strathcona Resources from C$40.00 to C$35.00 and set a “moderate buy” rating for the company in a research report on Tuesday, January 13th. ATB Cormark Capital Markets lowered their price objective on Strathcona Resources from C$42.00 to C$32.00 in a research report on Tuesday, December 23rd. National Bank Financial upgraded Strathcona Resources from a “hold” rating to an “outperform” rating and cut their target price for the company from C$36.00 to C$32.00 in a research note on Friday, January 9th. Jefferies Financial Group decreased their price target on Strathcona Resources from C$29.00 to C$26.00 in a research note on Tuesday, January 20th. Finally, Scotiabank lowered their price target on Strathcona Resources from C$40.00 to C$33.00 in a report on Tuesday, December 30th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$33.25.

Strathcona Resources Stock Up 0.6%

TSE:SCR traded up C$0.22 on Friday, reaching C$39.73. 207,817 shares of the stock traded hands, compared to its average volume of 299,279. The company has a current ratio of 1.02, a quick ratio of 11.09 and a debt-to-equity ratio of 19.43. The company has a market capitalization of C$8.51 billion, a price-to-earnings ratio of 7.76, a PEG 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 company’s fifty day simple moving average is C$28.76 and its 200 day simple moving average is C$34.74.

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.