Strathcona Resources (TSE:SCR) Stock Price Expected to Rise, TD Securities Analyst Says

Strathcona Resources (TSE:SCR) had its target price upped by research analysts at TD Securities from C$30.00 to C$31.00 in a research report issued to clients and investors 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 also recently weighed in on SCR. Jefferies Financial Group cut their target price 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. Royal Bank of Canada lowered their target price on shares of Strathcona Resources from C$37.00 to C$34.00 in a research note on Tuesday, September 17th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$36.13.

Strathcona Resources Price Performance

Shares of SCR stock opened at C$32.21 on Friday. The firm’s 50-day moving average is C$28.01 and its two-hundred day moving average is C$30.61. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09. The company has a market capitalization of C$6.90 billion and a PE ratio of 7.49. Strathcona Resources has a 12 month low of C$20.16 and a 12 month high of C$37.69.

Insider Activity at Strathcona Resources

In other Strathcona Resources news, Senior Officer Scott Seipert purchased 5,000 shares of Strathcona Resources stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of C$30.50 per share, for a total transaction of C$152,500.00. Also, Director Navjeet Dhillon purchased 3,455 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of C$31.75 per share, with a total value of C$109,696.25. Insiders bought a total of 11,455 shares of company stock valued at $359,864 in the last three months. 91.34% of the stock is currently owned by company insiders.

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.