Strathcona Resources (TSE:SCR) Price Target Increased to C$40.00 by Analysts at CIBC

Strathcona Resources (TSE:SCR) had its target price lifted by CIBC from C$35.00 to C$40.00 in a research report report published on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the company. Royal Bank of Canada increased their target price on Strathcona Resources from C$31.00 to C$38.00 in a research report on Tuesday, April 9th. Jefferies Financial Group upped their price target on Strathcona Resources from C$26.00 to C$36.00 and gave the stock a hold rating in a research note on Friday, April 12th. ATB Capital set a C$31.00 price target on Strathcona Resources and gave the stock an outperform rating in a research note on Thursday, February 1st. BMO Capital Markets upped their price target on Strathcona Resources from C$25.00 to C$33.00 in a research note on Thursday, March 28th. Finally, Scotiabank cut their price target on Strathcona Resources from C$40.00 to C$32.00 and set a sector perform rating on the stock in a research note on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of C$34.57.

Strathcona Resources Stock Down 1.1 %

Shares of TSE:SCR opened at C$32.74 on Monday. Strathcona Resources has a 52-week low of C$20.16 and a 52-week high of C$34.98. The firm has a market capitalization of C$7.01 billion and a P/E ratio of -14.92. The stock has a 50 day moving average price of C$28.12 and a 200-day moving average price of C$25.96. The company has a debt-to-equity ratio of 58.40, a quick ratio of 11.09 and a current ratio of 0.42.

Strathcona Resources (TSE:SCR) last announced its earnings results on Tuesday, March 26th. The company reported C$1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.32 by C($0.09). Strathcona Resources had a return on equity of 12.32% and a net margin of 13.63%. The firm had revenue of C$1.29 billion during the quarter, compared to the consensus estimate of C$869.00 million. As a group, equities research analysts anticipate that Strathcona Resources will post 4.4259502 EPS for the current fiscal year.

Insider Buying and Selling at Strathcona Resources

In other Strathcona Resources news, Director Robert J. Morgan bought 2,993 shares of the business’s stock in a transaction on Monday, April 15th. The shares were acquired at an average cost of C$34.20 per share, for a total transaction of C$102,360.60. Company insiders own 8.01% of the company’s stock.

Strathcona Resources Company Profile

Strathcona Resources Ltd. acquires, explores, develops, and produces petroleum and natural gas reserves in 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.