National Bank Financial Boosts Strathcona Resources (TSE:SCR) Price Target to C$69.00

Strathcona Resources (TSE:SCR) had its price objective raised by investment analysts at National Bank Financial from C$41.00 to C$69.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 71.09% from the stock’s previous close.

A number of other research firms also recently commented on SCR. Roth Mkm set a C$40.00 price objective on shares of Strathcona Resources and gave the company a “buy” rating in a research note on Tuesday, March 10th. Scotiabank lowered their target price on shares of Strathcona Resources from C$40.00 to C$33.00 in a report on Tuesday, December 30th. Jefferies Financial Group dropped their price target on shares of Strathcona Resources from C$29.00 to C$26.00 in a research report on Tuesday, January 20th. Royal Bank Of Canada increased their price target on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “sector perform” rating in a research note on Friday, March 13th. Finally, ATB Cormark Capital Markets decreased their price target on shares of Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Strathcona Resources has an average rating of “Hold” and an average target price of C$36.75.

Strathcona Resources Stock Performance

TSE SCR opened at C$40.33 on Tuesday. The business’s 50-day moving average price is C$32.36 and its 200 day moving average price is C$34.87. Strathcona Resources has a twelve month low of C$22.75 and a twelve month high of C$45.09. The company has a market capitalization of C$8.64 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The company has a current ratio of 0.37, a quick ratio of 11.09 and a debt-to-equity ratio of 49.94.

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.