Strathcona Resources Ltd. (TSE:SCR) Stock Has Average Target Price of C$45.00

Shares of Strathcona Resources Ltd. (TSE:SCR) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$45.00.

A number of equities analysts have weighed in on the stock. National Bank Financial decreased their price objective on shares of Strathcona Resources from C$63.00 to C$62.00 and set an “outperform” rating for the company in a research report on Tuesday, October 20th. ATB Cormark Capital Markets increased their price target on Strathcona Resources from C$46.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Thursday, October 22nd.

Strathcona Resources Price Performance

Shares of SCR opened at C$42.87 on Friday. The stock has a market capitalization of C$9.18 billion, a price-to-earnings ratio of 10.88, a PEG ratio of -2.02 and a beta of -0.16. Strathcona Resources has a one year low of C$25.79 and a one year high of C$51.70. The stock has a 50 day moving average price of C$42.15 and a 200 day moving average price of C$39.12. 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) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.76 earnings per share (EPS) for the quarter. Strathcona Resources had a net margin of 19.41% and a return on equity of 17.02%. The business had revenue of C$1.40 billion for the quarter. Equities research analysts forecast that Strathcona Resources will post 2.85 earnings per share for the current fiscal year.

Strathcona Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Monday, September 21st were paid a $0.30 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Strathcona Resources’s dividend payout ratio (DPR) 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.