Strathcona Resources (TSE:SCR) Price Target Raised to C$36.00

Strathcona Resources (TSE:SCR) had its price objective raised by research analysts at Royal Bank of Canada from C$34.00 to C$36.00 in a research note issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price would indicate a potential upside of 11.77% from the company’s current price.

SCR has been the topic of a number of other research reports. TD Securities lifted their price target on shares of Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday. Scotiabank raised their price objective on shares of Strathcona Resources from C$35.00 to C$37.00 in a report on Friday. Finally, Jefferies Financial Group reduced their target price on shares of Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Two equities research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$36.13.

Strathcona Resources Stock Down 0.9 %

Shares of Strathcona Resources stock opened at C$32.21 on Friday. Strathcona Resources has a 1 year low of C$20.16 and a 1 year high of C$37.69. 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 P/E ratio of 7.49. The business has a 50-day moving average of C$28.01 and a two-hundred day moving average of C$30.61.

Insider Activity

In other news, Senior Officer Scott Seipert acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average price of C$30.50 per share, with a total value of C$152,500.00. Also, Director Navjeet Dhillon acquired 3,455 shares of the stock in a transaction dated Monday, August 19th. The shares were purchased at an average price of C$31.75 per share, for a total transaction of C$109,696.25. Insiders purchased 11,455 shares of company stock worth $359,864 in the last quarter. Corporate insiders own 91.34% of the company’s stock.

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.