Strathcona Resources Ltd. (TSE:SCR) Stock Has Consensus Price Target of C$42.57 According to Analysts

Strathcona Resources Ltd. (TSE:SCR) has been given an average rating of “Buy” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$42.57.

Separately, National Bank Financial lowered their target price on shares of Strathcona Resources from C$67.00 to C$63.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th.

Strathcona Resources Stock Performance

TSE SCR opened at C$39.90 on Monday. The stock has a market cap of C$8.55 billion, a PE ratio of 10.13, a P/E/G ratio of -2.02 and a beta of -0.16. The company has a current ratio of 0.43, a quick ratio of 11.09 and a debt-to-equity ratio of 43.82. Strathcona Resources has a twelve month low of C$25.79 and a twelve month high of C$51.70. The stock has a fifty day simple moving average of C$42.06 and a 200-day simple moving average of C$41.71.

Strathcona Resources (TSE:SCR) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.76 earnings per share (EPS) for the quarter. The firm had revenue of C$1.40 billion during the quarter. Strathcona Resources had a return on equity of 17.02% and a net margin of 19.41%. Equities analysts anticipate that Strathcona Resources will post 2.8494405 earnings per share for the current year.

Strathcona Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Monday, September 21st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, September 11th. Strathcona Resources’s dividend payout ratio is currently 30.46%.

Strathcona Resources Company Profile

Strathcona is one of North America’s fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.