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

Strathcona Resources (TSE:SCR) had its price target boosted by TD Securities from C$30.00 to C$31.00 in a report issued on Friday,BayStreet.CA reports. TD Securities’ price target suggests a potential downside of 4.29% from the stock’s previous close.

SCR has been the topic of a number of other reports. Jefferies Financial Group decreased their price target on 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 Strathcona Resources from C$37.00 to C$34.00 in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Strathcona Resources has a consensus rating of “Moderate Buy” and a consensus target price of C$36.13.

Strathcona Resources Price Performance

Shares of SCR traded down C$0.11 during mid-day trading on Friday, hitting C$32.39. 42,067 shares of the company were exchanged, compared to its average volume of 40,224. The company has a 50 day moving average of C$27.95 and a 200-day moving average of C$30.61. The company has a debt-to-equity ratio of 50.29, a quick ratio of 11.09 and a current ratio of 0.53. The stock has a market cap of C$6.94 billion and a price-to-earnings ratio of 7.53. Strathcona Resources has a 1-year low of C$20.16 and a 1-year high of C$37.69.

Strathcona Resources (TSE:SCR) last issued its earnings results on Tuesday, August 13th. The company reported C$1.43 EPS for the quarter. Strathcona Resources had a net margin of 11.62% and a return on equity of 12.32%. The company had revenue of C$992.90 million for the quarter, compared to the consensus estimate of C$978.00 million. Analysts expect that Strathcona Resources will post 2.8494405 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Scott Seipert purchased 5,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost 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 firm’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average cost of C$31.75 per share, for a total transaction of C$109,696.25. 91.34% of the stock is currently owned by corporate insiders.

About Strathcona Resources

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.