TD Securities Has Lowered Expectations for Strathcona Resources (TSE:SCR) Stock Price

Strathcona Resources (TSE:SCR) had its target price decreased by equities research analysts at TD Securities from C$32.00 to C$29.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 5.88% from the company’s current price.

A number of other research firms also recently weighed in on SCR. Royal Bank of Canada cut their price target on Strathcona Resources from C$36.00 to C$35.00 in a research note on Tuesday, January 14th. Jefferies Financial Group raised their target price on Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. ATB Capital upped their price target on Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. Atb Cap Markets downgraded shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, CIBC boosted their price objective on shares of Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$35.50.

Strathcona Resources Trading Up 4.3 %

SCR opened at C$27.39 on Thursday. The firm has a 50 day simple moving average of C$28.28 and a 200 day simple moving average of C$28.87. Strathcona Resources has a fifty-two week low of C$22.75 and a fifty-two week high of C$37.69. The company has a market cap of C$5.86 billion and a price-to-earnings ratio of 15.80. 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 Buying and Selling at Strathcona Resources

In other news, Senior Officer Dale George Babiak bought 6,410 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average price of C$31.50 per share, with a total value of C$201,915.00. Also, Senior Officer Pit Kim Chiu bought 1,600 shares of the business’s stock in a transaction on Friday, December 20th. The stock was purchased at an average price of C$28.05 per share, for a total transaction of C$44,887.04. Over the last quarter, insiders have purchased 11,648 shares of company stock valued at $351,865. 91.34% of the stock is currently owned by corporate 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.