TD Securities Cuts Strathcona Resources (TSE:SCR) Price Target to C$29.00

Strathcona Resources (TSE:SCR) had its target price reduced by stock analysts at TD Securities from C$32.00 to C$29.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 9.89% from the stock’s previous close.

Several other research firms have also issued reports on SCR. Scotiabank upped their target price on shares of Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. ATB Capital raised their price target on Strathcona Resources from C$37.00 to C$38.00 in a research report on Friday, November 15th. Royal Bank of Canada reduced their price objective on shares of Strathcona Resources from C$36.00 to C$35.00 in a research report on Tuesday, January 14th. Atb Cap Markets cut Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group raised their target price on shares of Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Strathcona Resources has an average rating of “Moderate Buy” and an average price target of C$35.50.

Strathcona Resources Stock Up 7.0 %

Shares of SCR traded up C$1.72 on Thursday, reaching C$26.39. The company’s stock had a trading volume of 120,788 shares, compared to its average volume of 48,499. The stock has a market capitalization of C$5.65 billion and a PE ratio of 15.22. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06. Strathcona Resources has a twelve month low of C$22.75 and a twelve month high of C$37.69. The firm has a fifty day moving average of C$28.39 and a 200-day moving average of C$28.95.

Insider Transactions at Strathcona Resources

In other Strathcona Resources news, Director Connie De Ciancio acquired 3,358 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were purchased at an average cost of C$28.77 per share, for a total transaction of C$96,609.66. Also, Senior Officer Dale George Babiak acquired 6,410 shares of the stock in a transaction dated Monday, January 13th. The shares were bought at an average price of C$31.50 per share, with a total value of C$201,915.00. In the last quarter, insiders bought 11,648 shares of company stock worth $351,865. 91.34% of the stock is currently owned by insiders.

Strathcona Resources Company Profile

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.