Strathcona Resources (TSE:SCR) Price Target Raised to C$33.00

Strathcona Resources (TSE:SCRFree Report) had its target price increased by BMO Capital Markets from C$25.00 to C$33.00 in a research report report published on Thursday, BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. ATB Capital set a C$31.00 target price on shares of Strathcona Resources and gave the stock an outperform rating in a research note on Thursday, February 1st. Jefferies Financial Group set a C$26.00 price objective on shares of Strathcona Resources and gave the company a hold rating in a research note on Tuesday, February 27th. Finally, Scotiabank reduced their price objective on shares of Strathcona Resources from C$40.00 to C$32.00 and set a sector perform rating for the company in a research note on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Strathcona Resources currently has a consensus rating of Hold and a consensus target price of C$32.43.

Check Out Our Latest Stock Analysis on Strathcona Resources

Strathcona Resources Trading Up 0.5 %

Shares of TSE:SCR opened at C$28.42 on Thursday. Strathcona Resources has a 52 week low of C$1.86 and a 52 week high of C$30.48. The company has a market cap of C$6.09 billion and a PE ratio of -12.95. The company has a current ratio of 0.42, a quick ratio of 11.09 and a debt-to-equity ratio of 58.40. The company’s 50 day moving average is C$25.23 and its two-hundred day moving average is C$27.78.

Insider Buying and Selling at Strathcona Resources

In other Strathcona Resources news, Director Connie De Ciancio bought 3,606 shares of the company’s stock in a transaction on Friday, January 12th. The stock was purchased at an average cost of C$22.53 per share, for a total transaction of C$81,243.18. 8.01% of the stock is currently owned by insiders.

Strathcona Resources Company Profile

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Strathcona Resources Ltd. acquires, explores for, develops, and produces petroleum and natural gas reserves in western Canada. It operates through three segments: Cold Lake Thermal, Lloydminster Heavy Oil, and Montney. The Cold Lake Thermal segment includes three producing assets in the Cold Lake region of Northern Alberta; and Lindbergh, Orion, and Tucker.

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