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

Strathcona Resources (TSE:SCR) had its target price dropped by stock analysts at Scotiabank from C$40.00 to C$33.00 in a research note issued on Wednesday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 13.21% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Jefferies Financial Group increased their target price on shares of Strathcona Resources from C$34.00 to C$38.00 in a research report on Tuesday, November 11th. National Bankshares reduced their price target on shares of Strathcona Resources from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 22nd. Natl Bk Canada lowered Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. ATB Capital cut their target price on Strathcona Resources from C$42.00 to C$32.00 in a research report on Tuesday. Finally, Royal Bank Of Canada boosted their target price on Strathcona Resources from C$36.00 to C$40.00 and gave the company a “sector perform” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$35.43.

Strathcona Resources Price Performance

SCR stock opened at C$29.15 on Wednesday. The business has a 50 day moving average price of C$39.41 and a 200 day moving average price of C$36.32. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. The stock has a market cap of C$6.24 billion, a price-to-earnings ratio of 5.69, a PEG ratio of -2.02 and a beta of 2.61. Strathcona Resources has a fifty-two week low of C$22.75 and a fifty-two week high of C$45.09.

Strathcona Resources Company Profile

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.