Brokerages Set Strathcona Resources Ltd. (TSE:SCR) Price Target at C$34.25

Shares of Strathcona Resources Ltd. (TSE:SCR) 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.

Insider Activity at Strathcona Resources

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

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) 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.