Strathcona Resources Ltd. (TSE:SCR) Given Average Recommendation of “Buy” by Brokerages

Shares of Strathcona Resources Ltd. (TSE:SCR) have been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat 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 price objective among analysts that have issued a report on the stock in the last year is C$43.00.

A number of equities research analysts have weighed in on SCR shares. Jefferies Financial Group upgraded shares of Strathcona Resources from a “hold” rating to a “buy” rating and lifted their price target for the company from C$45.00 to C$56.00 in a research report on Thursday, June 4th. National Bank Financial decreased 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 report on Wednesday, July 8th.

Strathcona Resources Trading Up 0.9%

Shares of SCR opened at C$44.66 on Friday. The company has a current ratio of 0.43, a quick ratio of 11.09 and a debt-to-equity ratio of 43.82. Strathcona Resources has a 12-month low of C$25.79 and a 12-month high of C$51.70. The firm has a 50-day moving average price of C$40.65 and a 200 day moving average price of C$39.21. The firm has a market capitalization of C$9.57 billion, a P/E ratio of 11.34, a P/E/G ratio of -2.02 and a beta of 2.61.

Strathcona Resources (TSE:SCR) last released 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$2.73 billion for the quarter. Sell-side analysts forecast that Strathcona Resources will post 2.8494405 EPS for the current year.

Strathcona Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 17th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 8th. 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.