Strathcona Resources Ltd. (TSE:SCR) Stock Has Consensus Target Price of C$42.57 According to Analysts

Strathcona Resources Ltd. (TSE:SCR) has earned a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. One investment 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 price target among brokers that have issued a report on the stock in the last year is C$42.57.

Separately, National Bank Financial decreased their price objective on shares of Strathcona Resources from C$67.00 to C$63.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th.

Strathcona Resources Stock Down 0.5%

SCR stock opened at C$40.03 on Monday. The company has a quick ratio of 11.09, a current ratio of 0.43 and a debt-to-equity ratio of 43.82. The business has a 50 day moving average price of C$41.98 and a two-hundred day moving average price of C$41.70. Strathcona Resources has a twelve month low of C$25.79 and a twelve month high of C$51.70. The company has a market cap of C$8.58 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of -2.02 and a beta of -0.16.

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

Strathcona Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Monday, September 21st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.0%. 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.