Storm Resources (SRX) Receives a Buy from GMP FirstEnergy


Storm Resources (TSXV: SRX), the Materials sector company was revisited on August 15, and remains undervalued for at least one analyst on the street. On August 15, analyst Robert Fitzmartyn gave a Buy rating to SRX and set a C$4.75 price target.

According to TipRanks.com, Fitzmartyn is ranked #4800 out of 4847 analysts.

Read also: Crude Oil: Sell Now, Buy Later

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Storm Resources with a C$4 average price target.

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$3.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts