Storm Resources (TSE:SRX) had its price objective reduced by National Bank Financial from C$3.75 to C$3.25 in a research note released on Thursday, April 12th. National Bank Financial currently has a sector perform rating on the stock.
Other analysts have also recently issued research reports about the company. CIBC lowered their price target on Storm Resources from C$3.75 to C$3.00 in a research report on Tuesday, January 23rd. Raymond James raised Storm Resources from a market perform rating to an outperform rating and lifted their price target for the stock from C$3.00 to C$3.35 in a research report on Friday, March 2nd. Finally, BMO Capital Markets lowered their price target on Storm Resources from C$3.00 to C$2.25 in a research report on Friday, March 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$4.10.
Shares of Storm Resources stock traded up C$0.08 during trading on Thursday, reaching C$2.50. The company’s stock had a trading volume of 17,470 shares, compared to its average volume of 85,683. Storm Resources has a 1-year low of C$0.20 and a 1-year high of C$2.55.
Storm Resources (TSE:SRX) last posted its quarterly earnings data on Thursday, March 1st. The company reported C$0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.04 by C$0.03. The business had revenue of C$34.84 million during the quarter.
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Storm Resources Company Profile
Storm Resources Ltd. acquires, explores, develops, and produces oil, natural gas, and natural gas liquids in Canada. It primarily owns interests in lands covering approximately an area of 109,000 net acres in 155 net sections located in Umbach. Storm Resources Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.
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