Strathcona Resources (TSE:SCR) Price Target Cut to C$30.00

Strathcona Resources (TSE:SCR) had its price target decreased by stock analysts at Jefferies Financial Group from C$35.00 to C$30.00 in a report issued on Monday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 7.64% from the company’s current price.

A number of other analysts also recently issued reports on the company. Scotiabank raised Strathcona Resources to a “strong-buy” rating in a research report on Friday, June 14th. Standpoint Research boosted their price target on Strathcona Resources from C$40.00 to C$42.00 in a research report on Thursday, July 11th. Four 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$34.75.

Strathcona Resources Stock Down 1.4 %

TSE:SCR traded down C$0.41 during trading hours on Monday, reaching C$27.87. 18,609 shares of the stock were exchanged, compared to its average volume of 41,152. The stock has a market cap of C$5.97 billion and a PE ratio of 6.44. Strathcona Resources has a twelve month low of C$20.16 and a twelve month high of C$37.69. The firm has a 50 day moving average of C$30.74 and a 200 day moving average of C$31.17. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09.

Strathcona Resources (TSE:SCR) last announced its quarterly earnings data 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 business had revenue of C$992.90 million for the quarter, compared to analyst estimates of C$978.00 million. On average, equities analysts expect that Strathcona Resources will post 4.0757143 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Navjeet Dhillon acquired 3,455 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were bought at an average cost of C$31.75 per share, with a total value of C$109,696.25. In related news, Director Navjeet Dhillon acquired 3,455 shares of the business’s stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of C$31.75 per share, for a total transaction of C$109,696.25. Also, Senior Officer Scott Seipert bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of C$30.50 per share, for a total transaction of C$152,500.00. 91.34% of the stock is owned by 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.