In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Storm Resources (SRX). The company received a Buy rating from GMP FirstEnergy’s analyst Robert Fitzmartyn, with a C$3.85 price target.
According to TipRanks.com, Fitzmartyn is ranked #5040 out of 5224 analysts.
Currently, the analyst consensus on Storm Resources is a Strong Buy with an average price target of C$3.28.
Storm Resources’ market cap is currently C$265M and has a P/E ratio of 11.9. The company has a Price to Book ratio of 0.72.
Storm Resources Ltd. is a development company, which engages in the exploration, acquisition, and development of oil, natural gas and natural gas liquids reserves. It focuses on the selective combination of exploratory and development drilling with strategic asset and corporate acquisitions.
The company’s shares closed on Friday at C$2.26.
