Strathcona Resources Ltd. (TSE:SCR) Receives C$34.57 Consensus PT from Analysts

Shares of Strathcona Resources Ltd. (TSE:SCR) have been assigned an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$34.57.

SCR has been the topic of a number of recent research reports. BMO Capital Markets boosted their target price on shares of Strathcona Resources from C$25.00 to C$33.00 in a research report on Thursday, March 28th. Jefferies Financial Group boosted their target price on shares of Strathcona Resources from C$26.00 to C$36.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Scotiabank reduced their target price on shares of Strathcona Resources from C$40.00 to C$32.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 16th. Royal Bank of Canada boosted their target price on shares of Strathcona Resources from C$31.00 to C$38.00 in a research report on Tuesday, April 9th. Finally, ATB Capital set a C$31.00 target price on shares of Strathcona Resources and gave the stock an “outperform” rating in a research report on Thursday, February 1st.

Insider Activity at Strathcona Resources

In related news, Director Robert J. Morgan purchased 2,993 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were purchased at an average cost of C$34.20 per share, with a total value of C$102,360.60. 8.01% of the stock is currently owned by corporate insiders.

Strathcona Resources Trading Up 2.0 %

Shares of SCR stock opened at C$33.16 on Tuesday. The stock has a market cap of C$7.10 billion and a price-to-earnings ratio of -15.11. The company has a quick ratio of 11.09, a current ratio of 0.42 and a debt-to-equity ratio of 58.40. Strathcona Resources has a fifty-two week low of C$20.16 and a fifty-two week high of C$34.98. The firm’s 50 day moving average price is C$27.72 and its two-hundred day moving average price is C$26.36.

Strathcona Resources (TSE:SCR) last posted its earnings results on Tuesday, March 26th. The company reported C$1.23 EPS for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.09). Strathcona Resources had a return on equity of 12.32% and a net margin of 13.63%. The firm had revenue of C$1.29 billion for the quarter, compared to analyst estimates of C$869.00 million. On average, analysts anticipate that Strathcona Resources will post 4.4259502 EPS for the current year.

Strathcona Resources Company Profile

Strathcona Resources Ltd. acquires, explores, develops, and produces petroleum and natural gas reserves in Canada. It operates through three segments: Cold Lake Thermal, Lloydminster Heavy Oil, and Montney. The Cold Lake Thermal segment includes three producing assets in the Cold Lake region of Northern Alberta; and Lindbergh, Orion, and Tucker.