National Bank Financial Trims Storm Resources (SRX) Target Price to C$3.75

Storm Resources (TSE:SRX) had its target price lowered by National Bank Financial from C$4.25 to C$3.75 in a research note released on Tuesday morning. The firm currently has a sector perform rating on the stock.

SRX has been the topic of a number of other research reports. GMP Securities cut their price target on shares of Storm Resources from C$6.25 to C$5.75 in a report on Thursday, November 16th. Raymond James Financial cut shares of Storm Resources from an outperform rating to a market perform rating in a report on Friday, October 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of C$5.50.

Shares of Storm Resources (TSE:SRX) opened at C$0.26 on Tuesday. Storm Resources has a fifty-two week low of C$0.24 and a fifty-two week high of C$0.38. The company has a market cap of $318.48, a P/E ratio of 1.73 and a beta of 0.24.

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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, as well as interests in 119 sections covering approximately an area of 78,000 net acres situated in Horn River Basin, Northeast British Columbia.

Analyst Recommendations for Storm Resources (TSE:SRX)

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