Jefferies Financial Group Boosts Strathcona Resources (TSE:SCR) Price Target to C$36.00

Strathcona Resources (TSE:SCR) had its price target upped by research analysts at Jefferies Financial Group from C$26.00 to C$36.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 7.88% from the company’s previous close.

Several other research firms have also recently issued reports on SCR. Scotiabank decreased their price objective on shares of Strathcona Resources from C$40.00 to C$32.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 16th. BMO Capital Markets lifted their price objective on shares of Strathcona Resources from C$25.00 to C$33.00 in a research report on Thursday, March 28th. ATB Capital set a C$31.00 price objective on shares of Strathcona Resources and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Royal Bank of Canada lifted their price objective on shares of Strathcona Resources from C$31.00 to C$38.00 in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Strathcona Resources presently has an average rating of “Hold” and a consensus price target of C$34.57.

Strathcona Resources Trading Down 2.4 %

Strathcona Resources stock traded down C$0.81 during trading on Friday, hitting C$33.37. The company had a trading volume of 42,374 shares, compared to its average volume of 43,365. Strathcona Resources has a 1-year low of C$20.16 and a 1-year high of C$34.98. The company has a current ratio of 0.42, a quick ratio of 11.09 and a debt-to-equity ratio of 58.40. The company’s 50 day simple moving average is C$26.81 and its 200-day simple moving average is C$26.98. The stock has a market cap of C$7.15 billion and a price-to-earnings ratio of -15.29.

Strathcona Resources (TSE:SCR) last issued its quarterly earnings results on Tuesday, March 26th. The company reported C$1.23 EPS for the quarter, missing the consensus estimate of C$1.32 by C($0.09). Strathcona Resources had a net margin of 13.63% and a return on equity of 12.32%. The business had revenue of C$1.29 billion during the quarter, compared to analysts’ expectations of C$869.00 million. As a group, analysts expect that Strathcona Resources will post 4.4259502 EPS for the current fiscal year.

About Strathcona Resources

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.