Strathcona Resources Ltd. (TSE:SCR) Director Robert J. Morgan Buys 2,993 Shares

Strathcona Resources Ltd. (TSE:SCR) Director Robert J. Morgan purchased 2,993 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were bought at an average cost of C$34.20 per share, for a total transaction of C$102,360.60.

Strathcona Resources Price Performance

TSE SCR opened at C$33.16 on Friday. Strathcona Resources Ltd. has a 12 month low of C$20.16 and a 12 month high of C$34.98. The stock has a market cap of C$7.10 billion and a price-to-earnings ratio of -15.11. The company’s 50 day moving average is C$27.72 and its two-hundred day moving average is C$26.36. The company has a current ratio of 0.42, a quick ratio of 11.09 and a debt-to-equity ratio of 58.40.

Strathcona Resources (TSE:SCR) last released 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 firm had revenue of C$1.29 billion for the quarter, compared to the consensus estimate of C$869.00 million. As a group, research analysts anticipate that Strathcona Resources Ltd. will post 4.4259502 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Jefferies Financial Group raised their price target 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. BMO Capital Markets raised their price target on shares of Strathcona Resources from C$25.00 to C$33.00 in a report on Thursday, March 28th. ATB Capital set a C$31.00 price target on shares of Strathcona Resources and gave the company an “outperform” rating in a report on Thursday, February 1st. Royal Bank of Canada raised their price target on shares of Strathcona Resources from C$31.00 to C$38.00 in a report on Tuesday, April 9th. Finally, Scotiabank dropped their price target on shares of Strathcona Resources from C$40.00 to C$32.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Strathcona Resources currently has a consensus rating of “Hold” and an average price target of C$34.57.

About Strathcona Resources

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.