Strathcona Resources (TSE:SCR - Get Free Report) had its price target dropped by equities researchers at Royal Bank of Canada from C$35.00 to C$34.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Royal Bank of Canada's price objective suggests a potential upside of 24.13% from the company's current price.
Several other equities research analysts have also recently commented on the stock. ATB Capital boosted their price target on shares of Strathcona Resources from C$37.00 to C$38.00 in a research report on Friday, November 15th. Atb Cap Markets downgraded shares of Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. TD Securities reduced their price target on Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating for the company in a report on Thursday. Jefferies Financial Group lifted their price target on Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. Finally, CIBC lifted their price target on Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$35.50.
Get Our Latest Analysis on Strathcona Resources
Strathcona Resources Stock Up 4.3 %
TSE:SCR traded up C$1.12 on Thursday, hitting C$27.39. 71,825 shares of the company's stock were exchanged, compared to its average volume of 50,047. The firm has a 50-day moving average price of C$28.28 and a 200-day moving average price of C$28.87. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. Strathcona Resources has a 52 week low of C$22.75 and a 52 week high of C$37.69. The company has a market cap of C$5.86 billion and a P/E ratio of 15.80.
Insiders Place Their Bets
In related news, Senior Officer Pit Kim Chiu acquired 1,600 shares of the business's stock in a transaction on Friday, December 20th. The stock was purchased at an average cost of C$28.05 per share, for a total transaction of C$44,887.04. Also, Director Connie De Ciancio acquired 3,358 shares of the business's stock in a transaction on Tuesday, December 24th. The shares were bought at an average price of C$28.77 per share, with a total value of C$96,609.66. Insiders purchased 11,648 shares of company stock worth $351,865 over the last three months. Insiders own 91.34% of the company's stock.
About Strathcona Resources
(
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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.
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