Strathcona Resources (TSE:SCR) PT Raised to C$33.00 at BMO Capital Markets

Strathcona Resources (TSE:SCR) had its price target raised by analysts at BMO Capital Markets from C$25.00 to C$33.00 in a note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 15.99% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. ATB Capital set a C$31.00 price objective on shares of Strathcona Resources and gave the company an “outperform” rating in a research report on Thursday, February 1st. Scotiabank cut their price target on Strathcona Resources from C$40.00 to C$32.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 16th. Finally, Jefferies Financial Group set a C$26.00 price objective on Strathcona Resources and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$32.43.

Strathcona Resources Stock Up 0.6 %

SCR stock traded up C$0.16 during midday trading on Thursday, hitting C$28.45. The company’s stock had a trading volume of 34,547 shares, compared to its average volume of 39,257. Strathcona Resources has a 52-week low of C$20.16 and a 52-week high of C$30.48. The firm has a market capitalization of C$6.09 billion and a P/E ratio of -13.01. The company has a quick ratio of 11.09, a current ratio of 0.69 and a debt-to-equity ratio of 67.47. The firm has a 50-day simple moving average of C$25.07 and a 200-day simple moving average of C$27.77.

Insider Buying and Selling at Strathcona Resources

In other news, Director Connie De Ciancio bought 3,606 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were acquired at an average price of C$22.53 per share, for a total transaction of C$81,243.18. 8.01% of the stock is currently owned by insiders.

Strathcona Resources Company Profile

Strathcona Resources Ltd. acquires, explores for, develops, and produces petroleum and natural gas reserves in western 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.