Strathcona Resources Ltd. (TSE:SCR) Receives Average Rating of “Buy” from Analysts

Shares of Strathcona Resources Ltd. (TSE:SCR) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four 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 covered the stock in the last year is C$43.00.

Several equities analysts recently issued reports on the company. Jefferies Financial Group upgraded Strathcona Resources from a “hold” rating to a “buy” rating and boosted their price target for the company from C$45.00 to C$56.00 in a research report on Thursday, June 4th. National Bank Financial decreased their price objective 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.

Strathcona Resources Trading Down 6.7%

TSE SCR opened at C$42.85 on Thursday. The company has a debt-to-equity ratio of 43.82, a quick ratio of 11.09 and a current ratio of 0.43. The firm has a market cap of C$9.18 billion, a PE ratio of 10.88, a P/E/G ratio of -2.02 and a beta of 2.61. Strathcona Resources has a one year low of C$25.79 and a one year high of C$51.70. The firm’s fifty day moving average is C$42.18 and its two-hundred day moving average is C$41.26.

Strathcona Resources (TSE:SCR) last announced its earnings results on Thursday, August 6th. The company reported C$1.76 earnings per share for the quarter. Strathcona Resources had a net margin of 19.41% and a return on equity of 17.02%. The business had revenue of C$2.73 billion during the quarter. Analysts expect that Strathcona Resources will post 2.8494405 earnings per share for the current year.

Strathcona Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Strathcona Resources’s dividend payout ratio (DPR) is currently 30.46%.

Strathcona Resources Company Profile

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.