Jefferies Financial Group Lowers Strathcona Resources (TSE:SCR) Price Target to C$26.00

Strathcona Resources (TSE:SCR) had its target price reduced by Jefferies Financial Group from C$29.00 to C$26.00 in a research note issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential downside of 1.10% from the stock’s previous close.

A number of other brokerages have also recently issued reports on SCR. Royal Bank Of Canada decreased their target price on Strathcona Resources from C$40.00 to C$35.00 and set a “moderate buy” rating for the company in a research report on Tuesday, January 13th. Natl Bk Canada upgraded shares of Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Scotiabank dropped their price objective on Strathcona Resources from C$40.00 to C$33.00 in a report on Tuesday, December 30th. National Bankshares upgraded shares of Strathcona Resources from a “sector perform” rating to an “outperform” rating and cut their price target for the company from C$36.00 to C$32.00 in a report on Friday, January 9th. Finally, ATB Capital dropped their price objective on Strathcona Resources from C$42.00 to C$32.00 in a research note on Tuesday, December 23rd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Strathcona Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.43.

Strathcona Resources Stock Performance

Shares of Strathcona Resources stock opened at C$26.29 on Tuesday. The firm has a market capitalization of C$5.63 billion, a P/E ratio of 5.13, 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. Strathcona Resources has a 52 week low of C$22.75 and a 52 week high of C$45.09. The firm’s 50 day moving average is C$35.65 and its two-hundred day moving average is C$35.91.

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.