In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Storm Resources (SRX). RBC Capital’s analyst Michael Harvey reiterates their Buy rating on the shares, with a C$2.50 price target.
According to TipRanks.com, Harvey is ranked #4369 out of 5053 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Storm Resources with a C$3.67 average price target.
Storm Resources’ market cap is currently C$210.3M and has a P/E ratio of 6.5. The company has a Price to Book ratio of 0.51.
Storm Resources Ltd. operates as development company, which engages in the exploration and acquisition of oil, natural gas, and liquids reserves. It focuses on the combination of exploratory and development drilling with strategic asset and corporate acquisitions.
The company’s shares closed on Thursday at C$1.73, close to its 52-week low of C$1.43.
