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

Strathcona Resources (TSE:SCR) had its price objective cut by stock analysts at National Bank Financial from C$67.00 to C$63.00 in a report released on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 63.34% from the company’s current price.

Separately, Jefferies Financial Group raised Strathcona Resources from a “hold” rating to a “buy” rating and upped their target price for the stock from C$45.00 to C$56.00 in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$42.57.

Strathcona Resources Stock Down 1.3%

SCR stock opened at C$38.57 on Wednesday. The stock’s 50 day simple moving average is C$42.28 and its 200 day simple moving average is C$41.69. Strathcona Resources has a fifty-two week low of C$25.79 and a fifty-two week 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 cap of C$8.26 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61.

Strathcona Resources (TSE:SCR) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.76 earnings per share (EPS) 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$2.73 billion for the quarter. On average, research analysts expect that Strathcona Resources will post 2.8494405 earnings per share for the current fiscal 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.