Strathcona Resources Ltd. (TSE:SCR) Receives Average Rating of “Moderate Buy” from Brokerages

Strathcona Resources Ltd. (TSE:SCR) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$34.57.

A number of research analysts recently commented on the stock. CIBC upped their price target on shares of Strathcona Resources from C$35.00 to C$40.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Jefferies Financial Group upped their price target on shares of Strathcona Resources from C$26.00 to C$36.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Scotiabank upgraded shares of Strathcona Resources to a “strong-buy” rating in a research report on Friday, June 14th. BMO Capital Markets increased their price objective on shares of Strathcona Resources from C$33.00 to C$35.00 in a research report on Wednesday, May 15th. Finally, Royal Bank of Canada raised their price objective on shares of Strathcona Resources from C$31.00 to C$38.00 in a research note on Tuesday, April 9th.

Insider Buying and Selling at Strathcona Resources

In related news, Director Robert J. Morgan purchased 2,993 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average price of C$34.20 per share, with a total value of C$102,360.60. 91.84% of the stock is owned by company insiders.

Strathcona Resources Trading Down 1.2 %

Shares of TSE SCR opened at C$32.23 on Friday. The company’s fifty day moving average is C$32.83 and its 200-day moving average is C$28.17. The stock has a market cap of C$6.90 billion and a price-to-earnings ratio of -14.69. Strathcona Resources has a twelve month low of C$20.16 and a twelve month high of C$37.69. 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 (TSE:SCR) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.98 EPS for the quarter, beating the consensus estimate of C$0.89 by C$0.09. The business had revenue of C$1.14 billion for the quarter, compared to analysts’ expectations of C$795.00 million. Strathcona Resources had a net margin of 13.85% and a return on equity of 12.32%. Equities research analysts predict that Strathcona Resources will post 4.2663438 EPS for the current year.

About Strathcona Resources

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.