Strathcona Resources Ltd. (TSE:SCR) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Strathcona Resources received a “Moderate Buy” consensus rating from six analysts: three buys, one strong buy and two holds. The average 12-month price target is C$45.00.
• The stock opened at C$42.38, with a 52-week range of C$25.79 to C$51.70 and a market capitalization of approximately C$9.08 billion.
• Strathcona reported quarterly EPS of C$1.76 on C$1.40 billion in revenue and recently paid a quarterly dividend of $0.30 per share, representing an annualized yield of about 2.8%.

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$45.00.

A number of analysts have weighed in on the company. National Bank Financial lowered their target price on Strathcona Resources from C$63.00 to C$62.00 and set an "outperform" rating for the company in a report on Tuesday, October 20th. ATB Cormark Capital Markets lifted their price target on Strathcona Resources from C$46.00 to C$50.00 and gave the company a "sector perform" rating in a report on Thursday, October 22nd.

Strathcona Resources Price Performance

Shares of SCR opened at C$42.38 on Friday. The company has a 50 day moving average price of C$42.18 and a 200-day moving average price of C$39.04. 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$9.08 billion, a PE ratio of 10.76, a PEG ratio of -2.02 and a beta of -0.16. The company has a debt-to-equity ratio of 43.82, a quick ratio of 11.09 and a current ratio of 0.43.

Strathcona Resources (TSE:SCR - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.76 earnings per share (EPS) for the quarter. The firm had revenue of C$1.40 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 2.85 earnings per share for the current fiscal year.

Strathcona Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Monday, September 21st were given 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 yield of 2.8%. Strathcona Resources's dividend payout ratio (DPR) 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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