Analysts Set Strathcona Resources Ltd. (TSE:SCR) PT at C$34.57

Strathcona Resources Ltd. (TSE:SCR) has received an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$34.57.

Several analysts have recently weighed in on SCR shares. Royal Bank of Canada lifted their price target on shares of Strathcona Resources from C$31.00 to C$38.00 in a research note on Tuesday, April 9th. Scotiabank decreased their price target on shares of Strathcona Resources from C$40.00 to C$32.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 16th. BMO Capital Markets lifted their price target on shares of Strathcona Resources from C$25.00 to C$33.00 in a research note on Thursday, March 28th. ATB Capital set a C$31.00 price objective on shares of Strathcona Resources and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Jefferies Financial Group lifted their price objective on shares of Strathcona Resources from C$26.00 to C$36.00 and gave the company a “hold” rating in a report on Friday, April 12th.

Insider Activity at Strathcona Resources

In other news, Director Robert J. Morgan purchased 2,993 shares of the business’s stock in a transaction on Monday, April 15th. The shares were acquired at an average cost of C$34.20 per share, with a total value of C$102,360.60. 8.01% of the stock is currently owned by corporate insiders.

Strathcona Resources Stock Performance

Strathcona Resources stock opened at C$33.16 on Tuesday. The company has a debt-to-equity ratio of 58.40, a current ratio of 0.42 and a quick ratio of 11.09. Strathcona Resources has a 1-year low of C$20.16 and a 1-year high of C$34.98. The firm has a market capitalization of C$7.10 billion and a P/E ratio of -15.11. The company’s 50-day moving average is C$27.72 and its 200 day moving average is C$26.36.

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