Strathcona Resources Ltd. (TSE:SCR) Stock Has Average Target Price of C$45.00 According to Brokerages

Strathcona Resources Ltd. (TSE:SCR – Get Free Report) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$45.00.

SCR has been the topic of a number of research reports. ATB Cormark Capital Markets lifted their price target on shares of Strathcona Resources from C$46.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Thursday, October 22nd. National Bank Financial dropped their target price on Strathcona Resources from C$63.00 to C$62.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 20th.

View Our Latest Stock Report on Strathcona Resources

Strathcona Resources Trading Down 0.9%

Shares of TSE SCR opened at C$35.30 on Friday. Strathcona Resources has a twelve month low of C$25.79 and a twelve month high of C$51.70. The stock has a market cap of C$7.56 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of -2.02 and a beta of -0.10. The company has a quick ratio of 11.09, a current ratio of 0.43 and a debt-to-equity ratio of 43.82. The company’s fifty day moving average is C$41.67 and its 200-day moving average is C$39.34.

Strathcona Resources (TSE:SCR – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.76 EPS for the quarter. The business had revenue of C$1.40 billion for the quarter. Strathcona Resources had a return on equity of 17.02% and a net margin of 19.41%. Equities research analysts predict that Strathcona Resources will post 2.85 EPS for the current year.

Strathcona Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Monday, September 21st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. Strathcona Resources’s dividend payout ratio is 30.46%.

Strathcona Resources Company Profile

(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.

Further Reading

Analyst Recommendations for Strathcona Resources (TSE:SCR)

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