Strathcona Resources Ltd. (TSE:SCR) Given Consensus Rating of "Buy" by Analysts

Key Points

• Analysts maintain a “Buy” consensus on Strathcona Resources, with four buy ratings, one strong-buy rating and one hold rating. The average 12-month price target is C$43.00.
• Shares opened at C$45.35 and were up 2.3%, with the company valued at approximately C$9.72 billion. Recent analyst actions included a Jefferies upgrade to “buy” and a National Bank Financial price-target reduction to C$66.00.
• Strathcona reported quarterly EPS of C$1.76 on C$2.73 billion in revenue and declared a quarterly dividend of C$0.30, equivalent to an annualized C$1.20 payout and a 2.6% yield.

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) has been given an average recommendation of "Buy" by the six research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$43.00.

A number of analysts have recently issued reports on the stock. National Bank Financial dropped their price objective on shares of Strathcona Resources from C$68.00 to C$66.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 8th. Jefferies Financial Group upgraded shares of Strathcona Resources from a "hold" rating to a "buy" rating and upped their target price for the company from C$45.00 to C$56.00 in a research note on Thursday, June 4th.

Strathcona Resources Trading Up 2.3%

TSE:SCR opened at C$45.35 on Thursday. The business's 50-day moving average is C$41.50 and its two-hundred day moving average is C$40.73. The firm has a market capitalization of C$9.72 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. Strathcona Resources has a 12 month low of C$25.79 and a 12 month high of C$51.70. The company has a debt-to-equity ratio of 43.82, a current ratio of 0.43 and a quick ratio of 11.09.

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

Strathcona Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Monday, September 21st will be issued a $0.30 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Strathcona Resources's payout ratio 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.

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