Are Analysts Bullish Storm Resources Ltd. (TSE:SRX) After Last Week?

February 15, 2018 - By Louis Casey

 Are Analysts Bullish Storm Resources Ltd. (TSE:SRX) After Last Week?

Storm Resources Ltd. (TSE:SRX) Ratings Coverage

Among 4 analysts covering Storm Resources Ltd (TSE:SRX), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Storm Resources Ltd had 14 analyst reports since June 6, 2016 according to SRatingsIntel. The rating was downgraded by Raymond James on Friday, October 13 to “Market Perform”. As per Monday, June 6, the company rating was upgraded by Raymond James. Below is a list of Storm Resources Ltd. (TSE:SRX) latest ratings and price target changes.

13/10/2017 Broker: National Bank Canada Rating: Outperform Old Target: $5.75 New Target: $4.50 Target Down
13/10/2017 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Downgrade
17/08/2017 Broker: BMO Capital Markets Rating: Market Perform New Target: $4.50 Target Down

The stock decreased 2.82% or $0.06 during the last trading session, reaching $2.07. About 2,100 shares traded. Storm Resources Ltd. (TSE:SRX) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Storm Resources Ltd. acquires, explores, develops, and produces oil, natural gas, and natural gas liquids in Canada. The company has market cap of $251.62 million. 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. It has a 13.8 P/E ratio.

More recent Storm Resources Ltd. (TSE:SRX) news were published by: Marketwired.com which released: “Storm Resources Ltd. Announces Graduation to Toronto Stock Exchange” on September 25, 2017. Also Marketwatch.com published the news titled: “Storm Resources Ltd.” on November 12, 2015. Marketwired.com‘s news article titled: “Storm Resources Ltd. Announces Processing Arrangement at Umbach and Increased …” with publication date: September 07, 2016 was also an interesting one.

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