Storm Resources (TSE:SRX) had its target price reduced by National Bank Financial from C$3.75 to C$3.25 in a research note released on Thursday. National Bank Financial currently has a sector perform rating on the stock.
Other equities analysts also recently issued reports about the stock. CIBC cut their price target on shares of Storm Resources from C$3.75 to C$3.00 in a report on Tuesday, January 23rd. Raymond James Financial raised shares of Storm Resources from a market perform rating to an outperform rating and lifted their price target for the company from C$3.00 to C$3.35 in a report on Friday, March 2nd. Finally, BMO Capital Markets cut their price target on shares of Storm Resources from C$3.00 to C$2.25 in a report on Friday, March 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of C$4.10.
Shares of SRX stock opened at C$2.49 on Thursday. Storm Resources has a 12-month low of C$0.20 and a 12-month high of C$2.55.
About Storm Resources
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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