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

Strathcona Resources (TSE:SCR) had its price objective dropped by research analysts at National Bankshares from C$38.00 to C$36.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price target suggests a potential upside of 0.56% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on SCR. National Bank Financial raised shares of Strathcona Resources to a “strong-buy” rating in a research report on Sunday, June 29th. Royal Bank Of Canada upped their target price on shares of Strathcona Resources from C$36.00 to C$40.00 and gave the company a “sector perform” rating in a report on Thursday, October 16th. TD Securities upped their target price on shares of Strathcona Resources from C$27.00 to C$35.00 and gave the company a “hold” rating in a report on Thursday, October 16th. Cibc World Mkts cut shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 3rd. Finally, Scotiabank upped their target price on shares of Strathcona Resources from C$34.00 to C$40.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Strathcona Resources has a consensus rating of “Hold” and an average target price of C$35.86.

Strathcona Resources Price Performance

Shares of SCR opened at C$35.80 on Wednesday. Strathcona Resources has a 1-year low of C$22.75 and a 1-year high of C$39.49. The stock has a market cap of C$7.67 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. The firm has a fifty day moving average price of C$37.13 and a 200 day moving average price of C$32.25.

About Strathcona Resources

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.