Strathcona Resources Ltd. (TSE:SCR) Receives C$34.25 Average Target Price from Analysts

Strathcona Resources Ltd. (TSE:SCR) has been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$34.25.

A number of equities research analysts have issued reports on SCR shares. Standpoint Research increased their price objective on shares of Strathcona Resources from C$40.00 to C$42.00 in a report on Thursday, July 11th. Royal Bank of Canada reduced their price target on shares of Strathcona Resources from C$37.00 to C$34.00 in a report on Tuesday, September 17th. Jefferies Financial Group dropped their price objective on shares of Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating for the company in a report on Monday, September 16th. Finally, TD Securities reduced their target price on Strathcona Resources from C$34.00 to C$30.00 in a report on Tuesday, October 1st.

Strathcona Resources Stock Up 0.6 %

Shares of SCR stock opened at C$28.52 on Tuesday. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09. Strathcona Resources has a one year low of C$20.16 and a one year high of C$37.69. The company’s fifty day moving average price is C$29.17 and its 200-day moving average price is C$31.25. The company has a market capitalization of C$6.11 billion and a price-to-earnings ratio of 6.63.

Strathcona Resources (TSE:SCR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$1.43 EPS for the quarter. Strathcona Resources had a return on equity of 12.32% and a net margin of 11.62%. The business had revenue of C$992.90 million for the quarter, compared to the consensus estimate of C$978.00 million. Sell-side analysts expect that Strathcona Resources will post 2.8494405 EPS for the current fiscal year.

Strathcona Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Monday, September 16th. Strathcona Resources’s dividend payout ratio (DPR) is currently 23.26%.

Insider Buying and Selling at Strathcona Resources

In other Strathcona Resources news, Senior Officer Scott Seipert purchased 5,000 shares of Strathcona Resources stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average cost of C$30.50 per share, for a total transaction of C$152,500.00. In related news, Senior Officer Scott Seipert acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of C$30.50 per share, for a total transaction of C$152,500.00. Also, Director Navjeet Dhillon bought 3,455 shares of the company’s stock in a transaction on Monday, August 19th. The stock was bought at an average price of C$31.75 per share, for a total transaction of C$109,696.25. Company insiders own 91.34% of the company’s stock.

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.