Brokerages Set Strathcona Resources Ltd. (TSE:SCR) PT at C$43.00

Shares of Strathcona Resources Ltd. (TSE:SCR) have earned an average recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$43.00.

A number of research firms recently weighed in on SCR. National Bank Financial cut their target price on shares of Strathcona Resources from C$68.00 to C$66.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Jefferies Financial Group upgraded shares of Strathcona Resources from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$45.00 to C$56.00 in a research note on Thursday, June 4th.

Strathcona Resources Trading Down 1.0%

SCR opened at C$44.22 on Thursday. Strathcona Resources has a 12 month low of C$25.79 and a 12 month high of C$51.70. The stock has a market capitalization of C$9.47 billion, a price-to-earnings ratio of 11.22, a PEG ratio of -2.02 and a beta of 2.61. The company has a debt-to-equity ratio of 43.82, a current ratio of 0.43 and a quick ratio of 11.09. The business has a fifty day moving average price of C$41.78 and a 200 day moving average price of C$40.85.

Strathcona Resources (TSE:SCR) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.76 earnings per share (EPS) for the quarter. The company had revenue of C$2.73 billion for the quarter. Strathcona Resources had a return on equity of 17.02% and a net margin of 19.41%. Sell-side analysts expect that Strathcona Resources will post 2.8494405 earnings per share for the current fiscal year.

Strathcona Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 21st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, September 11th. Strathcona Resources’s dividend payout ratio (DPR) 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.