TSX:SCR - Post Discussion
Post by
Huntamun1234 on May 16, 2024 8:58am
Some Positive Mojo
Strathcona Resources Shares Up 5.5%, Most in 6 Weeks; Sales Beat
2024-05-15 19:51:05.974 GMT
-- Strathcona Resources Ltd. rose 5.5%. The
company reported EPS below estimates and sales above estimates.
Trading volume was five times the average for this time of day.
* The shares increased to C$32.11 from C$30.45.
* The Canada S&P/TSX rose 0.2%.
STHRF: Strathcona Resources price target raised to C$35
from C$33 at BMO Capital
Strathcona Resources Ltd. Reports First Quarter 2024
Financial and Operating Results
Strathcona Resources Ltd. : Interim financial
statements/report
Market Metrics
* Trading volume was 236,770 shares, five times the 20-day
average of 44,161 shares for this time of day.
* Of shares that were traded, 18% were at the ask price and 36%
were at the bid.
Market Insights
* In the past year, the stock had a similar or greater gain once
at the close.
* Stock advanced 7.1% in the past 52 weeks, compared with a 17%
increase for the company's Bloomberg peers. The Canada S&P/TSX
gained 8.5%.
* The shares are up 3.9% in the past five days and fell 1% in
the past 30 days.
* Strathcona Resources trades at 5.7 times its estimated
earnings per share for the coming year.
* Short interest was equal to 6.3 days of average trading
volume. In the previous two years, the short-interest ratio
ranged from 3.7 days to 13 days. Shares sold short amount to
1.8% of float.
Analyst Activity
* Analysts have three buy, five hold, and no sell
recommendations on the stock.
* The consensus rating is 3.8, on a 1-5 scale with 1 meaning
strong sell and 5 meaning strong buy.
* The price target of C$35.75 represents a 11% increase from the
last price
Catalysts
* The company had a profit of 47 Canadian cents a share on a
comparable basis for the latest quarter, versus the estimate of
C$1.02, and sales of C$1.17 billion.
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