Strathcona Resources Ltd. (SCR.TO) – What Are Researchers Saying About This Stock?

Strathcona Resources Ltd. (TSE:SCR) has been given an average recommendation of “Buy” by the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$42.57.

Separately, National Bank Financial lowered their target price on shares of Strathcona Resources from C$67.00 to C$63.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th.

Strathcona Resources Stock Performance

Shares of SCR stock opened at C$40.03 on Monday. The company has a current ratio of 0.43, a quick ratio of 11.09 and a debt-to-equity ratio of 43.82. The stock has a market cap of C$8.58 billion, a price-to-earnings ratio of 10.16, a PEG ratio of -2.02 and a beta of -0.16. The company’s 50-day moving average price is C$41.98 and its 200-day moving average price is C$41.73. Strathcona Resources has a twelve month low of C$25.79 and a twelve month high of C$51.70.

Strathcona Resources (TSE:SCR) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.76 earnings per share (EPS) for the quarter. The business had revenue of C$1.40 billion during the quarter. Strathcona Resources had a net margin of 19.41% and a return on equity of 17.02%. As a group, equities analysts predict that Strathcona Resources will post 2.85 earnings per share for the current year.

Strathcona Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Monday, September 21st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, September 11th. Strathcona Resources’s dividend payout ratio (DPR) is 30.46%.

About Strathcona Resources

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.