Strathcona Resources (TSE:SCR) Price Target Cut to C$59.00 by Analysts at National Bank Financial

Strathcona Resources (TSE:SCR) had its price target decreased by equities researchers at National Bank Financial from C$62.00 to C$59.00 in a note issued to investors on Tuesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial‘s price objective suggests a potential upside of 63.21% from the company’s current price.

Separately, ATB Cormark Capital Markets raised their price target on shares of Strathcona Resources from C$46.00 to C$50.00 and gave the company a “sector perform” rating in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Strathcona Resources presently has an average rating of “Moderate Buy” and a consensus price target of C$44.57.

Strathcona Resources Trading Up 0.4%

TSE:SCR traded up C$0.15 on Tuesday, hitting C$36.15. 663,310 shares of the stock were exchanged, compared to its average volume of 462,086. The stock has a fifty day moving average of C$41.41 and a 200-day moving average of C$39.44. The stock has a market cap of C$7.74 billion, a PE ratio of 9.18, a PEG ratio of -2.02 and a beta of -0.10. The company has a current ratio of 0.43, a quick ratio of 11.09 and a debt-to-equity ratio of 43.82. Strathcona Resources has a fifty-two week low of C$25.79 and a fifty-two week high of C$51.70.

Strathcona Resources (TSE:SCR) last released its quarterly earnings data on Monday, November 9th. The company reported C$1.39 earnings per share for the quarter. Strathcona Resources had a return on equity of 17.02% and a net margin of 19.41%. The business had revenue of C$1.26 billion for the quarter. As a group, equities analysts expect that Strathcona Resources will post 2.85 earnings per share for the current fiscal year.

About Strathcona Resources

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.