Shares of Strathcona Resources Ltd. (TSE:SCR – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$34.25.
Several research firms have weighed in on SCR. Standpoint Research upped their price target on Strathcona Resources from C$40.00 to C$42.00 in a research note on Thursday, July 11th. Jefferies Financial Group decreased their target price on Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. TD Securities cut their price target on Strathcona Resources from C$34.00 to C$30.00 in a report on Tuesday, October 1st. Finally, Royal Bank of Canada lowered their target price on Strathcona Resources from C$37.00 to C$34.00 in a research report on Tuesday, September 17th.
Get Our Latest Analysis on SCR
Insider Activity at Strathcona Resources
Strathcona Resources Trading Up 3.7 %
Shares of TSE:SCR opened at C$28.22 on Friday. Strathcona Resources has a 12-month low of C$20.16 and a 12-month high of C$37.69. The company has a market cap of C$6.05 billion and a PE ratio of 6.56. The stock has a 50 day moving average of C$28.25 and a 200 day moving average of C$30.83. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29.
Strathcona Resources (TSE:SCR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$1.43 earnings per share (EPS) for the quarter. Strathcona Resources had a net margin of 11.62% and a return on equity of 12.32%. The firm had revenue of C$992.90 million during the quarter, compared to analysts’ expectations of C$978.00 million. As a group, equities research analysts expect that Strathcona Resources will post 2.8494405 EPS for the current year.
Strathcona Resources Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.25 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.54%. Strathcona Resources’s payout ratio is 23.26%.
Strathcona Resources Company Profile
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.
Featured Stories
- Five stocks we like better than Strathcona Resources
- What is Forex and How Does it Work?
- Intel: Is Now the Time to Be Brave?
- Dividend Payout Ratio Calculator
- Carnival or Royal Caribbean—Which Cruise Stock Has More Upside?
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Summit Therapeutics: Is Their Lung Cancer Drug a Game Changer?
Receive News & Ratings for Strathcona Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strathcona Resources and related companies with MarketBeat.com's FREE daily email newsletter.