Strathcona Resources (TSE:SCR) PT Set at C$42.00 by National Bankshares

Strathcona Resources (TSE:SCR) received a C$42.00 price objective from analysts at National Bankshares in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 39.77% from the company’s previous close.

SCR has been the topic of several other research reports. ATB Capital raised their price objective on shares of Strathcona Resources from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 17th. TD Securities decreased their price target on shares of Strathcona Resources from C$32.00 to C$29.00 and set a “hold” rating on the stock in a research report on Thursday, March 6th. Scotiabank raised shares of Strathcona Resources to a “strong-buy” rating in a research report on Wednesday, March 19th. CIBC reduced their target price on shares of Strathcona Resources from C$37.00 to C$33.00 in a research note on Thursday, April 10th. Finally, Royal Bank Of Canada lifted their price objective on Strathcona Resources from C$34.00 to C$36.00 in a report on Thursday, May 22nd. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Strathcona Resources presently has an average rating of “Moderate Buy” and a consensus price target of C$35.75.

Strathcona Resources Price Performance

Shares of TSE:SCR opened at C$30.05 on Monday. Strathcona Resources has a fifty-two week low of C$22.75 and a fifty-two week high of C$33.93. The stock has a market capitalization of C$6.43 billion and a P/E ratio of 17.33. The business has a 50-day moving average of C$28.72 and a two-hundred day moving average of C$28.13. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09.

Insider Transactions at Strathcona Resources

In other news, Senior Officer Pit Kim Chiu bought 1,665 shares of the stock in a transaction dated Wednesday, June 11th. The stock was bought at an average cost of C$30.00 per share, with a total value of C$49,950.00. Over the last 90 days, insiders acquired 3,490 shares of company stock worth $98,882. 91.34% of the stock is currently owned by corporate insiders.

About Strathcona Resources

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan.