Strathcona Resources (TSE:SCR – Free Report) had its price objective lifted by Jefferies Financial Group from C$26.00 to C$36.00 in a research note released on Friday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.
Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets increased their price objective on shares of Strathcona Resources from C$25.00 to C$33.00 in a research report on Thursday, March 28th. ATB Capital set a C$31.00 price objective on shares of Strathcona Resources and gave the stock an outperform rating in a research report on Thursday, February 1st. Scotiabank cut their price objective on shares of Strathcona Resources from C$40.00 to C$32.00 and set a sector perform rating on the stock in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada upped their target price on shares of Strathcona Resources from C$31.00 to C$38.00 in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of C$34.57.
Strathcona Resources Stock Performance
Strathcona Resources (TSE:SCR – Get Free Report) last released its quarterly earnings data on Tuesday, March 26th. The company reported C$1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.09). The company had revenue of C$1.29 billion for the quarter, compared to the consensus estimate of C$869.00 million. Strathcona Resources had a return on equity of 12.32% and a net margin of 13.63%. As a group, analysts predict that Strathcona Resources will post 4.4259502 EPS for the current year.
Strathcona Resources Company Profile
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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