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

Shares of Strathcona Resources Ltd. (TSE:SCR – Get Free Report) have received an average recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$43.00.

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

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Strathcona Resources Stock Down 1.0%

TSE:SCR opened at C$44.20 on Friday. 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 company’s fifty day moving average price is C$40.64 and its 200-day moving average price is C$39.25. Strathcona Resources has a 1-year low of C$25.79 and a 1-year high of C$51.70. The firm has a market capitalization of C$9.47 billion, a P/E ratio of 11.22, a PEG ratio of -2.02 and a beta of 2.61.

Strathcona Resources (TSE:SCR – Get Free Report) last posted its 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 during the quarter. Strathcona Resources had a net margin of 19.41% and a return on equity of 17.02%. As a group, equities research analysts anticipate that Strathcona Resources will post 2.8494405 EPS for the current year.

Strathcona Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 17th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. Strathcona Resources’s dividend payout ratio (DPR) is presently 30.46%.

About Strathcona Resources

(Get Free Report)

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.

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