Strathcona Resources (TSE:SCR) Price Target Cut to C$59.00 by Analysts at National Bank Financial

Strathcona Resources (TSE:SCR) had its price target lowered by stock analysts at National Bank Financial from C$62.00 to C$59.00 in a note issued to investors on Tuesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s price target would suggest a potential upside of 63.21% from the stock’s current price.

Separately, ATB Cormark Capital Markets upped their target price on shares of Strathcona Resources from C$46.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Strathcona Resources presently has a consensus rating of “Moderate Buy” and an average price target of C$44.57.

Strathcona Resources Stock Up 0.4%

Strathcona Resources stock traded up C$0.15 during midday trading on Tuesday, hitting C$36.15. 663,310 shares of the company were exchanged, compared to its average volume of 462,086. The company has a market cap of C$7.74 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of -2.02 and a beta of -0.10. Strathcona Resources has a fifty-two week low of C$25.79 and a fifty-two week high of C$51.70. The company’s fifty day moving average price is C$41.41 and its 200-day moving average price is C$39.44. The company has a debt-to-equity ratio of 43.82, a current ratio of 0.43 and a quick ratio of 11.09.

Strathcona Resources (TSE:SCR) last issued its quarterly earnings data on Monday, November 9th. The company reported C$1.39 earnings per share (EPS) for the quarter. Strathcona Resources had a net margin of 19.41% and a return on equity of 17.02%. The company had revenue of C$1.26 billion during the quarter. On average, research analysts predict that Strathcona Resources will post 2.85 EPS for the current fiscal year.

Strathcona Resources Company Profile

Strathcona is one of North America’s fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.