Strathcona Resources (TSE:SCR) PT Raised to C$40.00 at CIBC

Strathcona Resources (TSE:SCR) had its price target boosted by CIBC from C$35.00 to C$40.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target points to a potential upside of 19.37% from the stock’s previous close.

SCR has been the topic of several other research reports. Royal Bank of Canada boosted their price target on shares of Strathcona Resources from C$31.00 to C$38.00 in a research report on Tuesday, April 9th. Scotiabank reduced their target price on shares of Strathcona Resources from C$40.00 to C$32.00 and set a “sector perform” rating on the stock in a 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 report on Thursday, February 1st. Jefferies Financial Group lifted their price target on Strathcona Resources from C$26.00 to C$36.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Finally, BMO Capital Markets boosted their price objective on Strathcona Resources from C$25.00 to C$33.00 in a research note on Thursday, March 28th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$34.57.

Strathcona Resources Trading Up 2.4 %

Shares of SCR stock opened at C$33.51 on Monday. The company has a current ratio of 0.42, a quick ratio of 11.09 and a debt-to-equity ratio of 58.40. The stock has a market capitalization of C$7.18 billion and a price-to-earnings ratio of -15.27. Strathcona Resources has a 12-month low of C$20.16 and a 12-month high of C$34.98. The stock’s 50-day moving average price is C$28.33 and its 200-day moving average price is C$25.89.

Strathcona Resources (TSE:SCR) last released its quarterly earnings results on Tuesday, March 26th. The company reported C$1.23 earnings per share for the quarter, missing the consensus estimate of C$1.32 by C($0.09). The firm had revenue of C$1.29 billion for the quarter, compared to analysts’ expectations of C$869.00 million. Strathcona Resources had a net margin of 13.63% and a return on equity of 12.32%. Equities research analysts predict that Strathcona Resources will post 4.4259502 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert J. Morgan acquired 2,993 shares of Strathcona Resources stock in a transaction that occurred on Monday, April 15th. The shares were bought at an average cost of C$34.20 per share, with a total value of C$102,360.60. 8.01% of the stock is owned by corporate 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.