Jefferies Financial Group Has Lowered Expectations for Strathcona Resources (TSE:SCR) Stock Price

Strathcona Resources (TSE:SCR) had its price objective lowered by equities researchers at Jefferies Financial Group from C$38.00 to C$29.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential upside of 3.57% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. National Bankshares lowered their price objective 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. TD Securities upped their price objective on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the company a “hold” rating in a research report on Friday, November 7th. ATB Capital lowered their target price on Strathcona Resources from C$42.00 to C$32.00 in a research note on Tuesday, December 23rd. Natl Bk Canada cut Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada increased their price target 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 investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Strathcona Resources currently has a consensus rating of “Hold” and a consensus price target of C$34.14.

Strathcona Resources Stock Down 0.6%

Shares of TSE SCR opened at C$28.00 on Monday. Strathcona Resources has a 52-week low of C$22.75 and a 52-week high of C$45.09. The stock has a market capitalization of C$6.00 billion, a PE ratio of 5.47, a P/E/G ratio of -2.02 and a beta of 2.61. 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 firm has a fifty day moving average of C$38.26 and a 200-day moving average of C$36.25.

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.