Strathcona Resources Ltd. (TSE:SCR) Stock Has Average Price Target of C$42.57

Key Points

• Analysts remain bullish: Six analysts have given Strathcona Resources an average “Buy” rating, with a consensus 12-month price target of C$42.57. National Bank Financial lowered its target from C$67.00 to C$63.00 while maintaining an “outperform” rating.
• Strathcona reported quarterly EPS of C$1.76 on revenue of C$2.73 billion, with a 19.41% net margin and 17.02% return on equity.
• The company paid a quarterly dividend of C$0.30 per share, equivalent to C$1.20 annually and a 3.0% yield, with a payout ratio of 30.46%.

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) has received an average recommendation of "Buy" from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$42.57.

Separately, National Bank Financial dropped their target price on Strathcona Resources from C$67.00 to C$63.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 30th.

Strathcona Resources Price Performance

Shares of SCR opened at C$39.38 on Monday. 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 company has a 50 day moving average price of C$42.10 and a 200-day moving average price of C$41.69. Strathcona Resources has a fifty-two week low of C$25.79 and a fifty-two week high of C$51.70. The stock has a market capitalization of C$8.44 billion, a PE ratio of 9.99, a PEG ratio of -2.02 and a beta of -0.16.

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

Strathcona Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Monday, September 21st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, September 11th. Strathcona Resources's payout ratio is presently 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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