Strathcona Resources (TSE:SCR) Given New C$31.00 Price Target at TD Securities

Strathcona Resources (TSE:SCR - Get Free Report) had its target price lifted by research analysts at TD Securities from C$30.00 to C$31.00 in a report released on Friday,BayStreet.CA reports. TD Securities' price objective would indicate a potential downside of 3.76% from the stock's previous close.

Several other brokerages have also recently issued reports on SCR. Royal Bank of Canada dropped their price objective on shares of Strathcona Resources from C$37.00 to C$34.00 in a research note on Tuesday, September 17th. Jefferies Financial Group reduced their price target on shares of Strathcona Resources from C$35.00 to C$30.00 and set a "hold" rating on the stock in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$36.13.

Strathcona Resources Stock Performance

Shares of SCR traded down C$0.29 during trading hours on Friday, reaching C$32.21. 51,340 shares of the company traded hands, compared to its average volume of 40,266. The business has a fifty day moving average price of C$28.01 and a 200-day moving average price of C$30.61. The stock has a market capitalization of C$6.90 billion and a P/E ratio of 7.49. Strathcona Resources has a 12-month low of C$20.16 and a 12-month high of C$37.69. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 50.29.

Strathcona Resources (TSE:SCR - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$1.43 earnings per share for the quarter. Strathcona Resources had a return on equity of 12.32% and a net margin of 11.62%. The company had revenue of C$992.90 million during the quarter, compared to analysts' expectations of C$978.00 million. Equities analysts anticipate that Strathcona Resources will post 2.8494405 EPS for the current fiscal year.

Insider Activity at Strathcona Resources

In other news, Director Navjeet Dhillon purchased 3,455 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average price of C$31.75 per share, with a total value of C$109,696.25. Also, Senior Officer Scott Seipert bought 5,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average price of C$30.50 per share, for a total transaction of C$152,500.00. Over the last 90 days, insiders have bought 11,455 shares of company stock valued at $359,864. Company insiders own 91.34% 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.