Strathcona Resources Ltd. (TSE:SCR) Receives C$43.00 Consensus Price Target from Analysts

Shares of Strathcona Resources Ltd. (TSE:SCR) have been assigned an average recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$43.00.

SCR has been the subject of several analyst reports. National Bank Financial cut their price target on shares of Strathcona Resources from C$68.00 to C$66.00 and set an “outperform” rating for the company in a report on Wednesday, July 8th. Jefferies Financial Group raised shares of Strathcona Resources from a “hold” rating to a “buy” rating and upped their price target for the stock from C$45.00 to C$56.00 in a report on Thursday, June 4th.

Strathcona Resources Stock Up 1.3%

SCR opened at C$44.56 on Friday. The company has a 50 day moving average of C$40.74 and a 200 day moving average of C$38.96. The company has a market cap of C$9.55 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. Strathcona Resources has a 12 month low of C$25.79 and a 12 month high of C$51.70. 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 (TSE:SCR) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.76 earnings per share for the quarter. The business had revenue of C$2.73 billion during the quarter. Strathcona Resources had a net margin of 19.41% and a return on equity of 17.02%. On average, sell-side analysts expect that Strathcona Resources will post 2.8494405 EPS for the current year.

Strathcona Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 17th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, June 8th. Strathcona Resources’s payout ratio is presently 30.46%.

About Strathcona Resources

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.