Strathcona Resources Ltd. (TSE:SCR) Given Consensus Rating of “Hold” by Analysts

Shares of Strathcona Resources Ltd. (TSE:SCR) have been given an average rating of “Hold” by the seven research firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$34.57.

A number of research firms have recently weighed in on SCR. ATB Capital set a C$31.00 price target on Strathcona Resources and gave the stock an “outperform” rating in a report on Thursday, February 1st. CIBC increased their price target on Strathcona Resources from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a report on Monday. Royal Bank of Canada increased their price target on Strathcona Resources from C$31.00 to C$38.00 in a report on Tuesday, April 9th. BMO Capital Markets increased their price target on Strathcona Resources from C$25.00 to C$33.00 in a report on Thursday, March 28th. Finally, Scotiabank lowered their price target on Strathcona Resources from C$40.00 to C$32.00 and set a “sector perform” rating for the company in a report on Tuesday, January 16th.

Insider Transactions at Strathcona Resources

In related news, Director Robert J. Morgan acquired 2,993 shares of the stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of C$34.20 per share, with a total value of C$102,360.60. Corporate insiders own 8.01% of the company’s stock.

Strathcona Resources Stock Down 1.1 %

Shares of TSE:SCR opened at C$32.74 on Tuesday. The company has a quick ratio of 11.09, a current ratio of 0.42 and a debt-to-equity ratio of 58.40. The business has a fifty day moving average of C$28.12 and a two-hundred day moving average of C$25.96. The stock has a market cap of C$7.01 billion and a P/E ratio of -14.92. Strathcona Resources has a 52-week low of C$20.16 and a 52-week high of C$34.98.

Strathcona Resources (TSE:SCR) last issued its earnings results on Tuesday, March 26th. The company reported C$1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.32 by C($0.09). The company had revenue of C$1.29 billion during the quarter, compared to analysts’ expectations of C$869.00 million. Strathcona Resources had a net margin of 13.63% and a return on equity of 12.32%. On average, research analysts expect that Strathcona Resources will post 4.4259502 earnings per share for the current year.

Strathcona Resources Company Profile

Strathcona Resources Ltd. acquires, explores, develops, and produces petroleum and natural gas reserves in Canada. It operates through three segments: Cold Lake Thermal, Lloydminster Heavy Oil, and Montney. The Cold Lake Thermal segment includes three producing assets in the Cold Lake region of Northern Alberta; and Lindbergh, Orion, and Tucker.