Strathcona Resources Ltd. (TSE:SCR) Receives Average Recommendation of "Buy" from 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.
• Recent analyst actions were mixed but generally positive: National Bank lowered its target to C$66 while retaining an outperform rating, and Jefferies upgraded the stock to buy with a C$56 target.
• Strathcona reported quarterly EPS of C$1.76 on C$2.73 billion in revenue and pays a quarterly dividend of C$0.30, equivalent to C$1.20 annually and a 2.8% yield.

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) has been given a consensus rating of "Buy" by the six research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$43.00.

Several research analysts recently weighed in on the company. National Bank Financial reduced their price target on Strathcona Resources from C$68.00 to C$66.00 and set an "outperform" rating for the company in a research report on Wednesday, July 8th. Jefferies Financial Group raised shares of Strathcona Resources from a "hold" rating to a "buy" rating and lifted their target price for the company from C$45.00 to C$56.00 in a report on Thursday, June 4th.

Strathcona Resources Price Performance

Shares of SCR opened at C$43.25 on Friday. The business's 50-day moving average is C$40.81 and its two-hundred day moving average is C$38.62. The company has a market capitalization of C$9.27 billion, a P/E ratio of 10.98, a P/E/G ratio of -2.02 and a beta of 2.61. Strathcona Resources has a fifty-two week low of C$25.79 and a fifty-two week high of C$51.70. 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 issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.76 earnings per share (EPS) for the quarter. Strathcona Resources had a return on equity of 17.02% and a net margin of 19.41%.The business had revenue of C$2.73 billion during the quarter. Research analysts predict that Strathcona Resources will post 2.8494405 earnings per share for the current year.

Strathcona Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Strathcona Resources's payout ratio is presently 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.

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