Strathcona Resources (TSE:SCR) Price Target Increased to C$33.00 by Analysts at BMO Capital Markets

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

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

Strathcona Resources Stock Performance

TSE SCR traded up C$0.16 during 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 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 market cap of C$6.09 billion and a P/E ratio of -13.01. The firm has a 50 day moving average price of C$25.07 and a 200 day moving average price of C$27.77.

Insider Activity at Strathcona Resources

In other Strathcona Resources news, Director Connie De Ciancio bought 3,606 shares of Strathcona Resources stock in a transaction dated Friday, January 12th. The shares were acquired at an average cost of C$22.53 per share, with a total value 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.