Strathcona Resources Ltd. (TSE:SCR) Receives Consensus Rating of “Hold” from Brokerages

Strathcona Resources Ltd. (TSE:SCR) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$34.57.

A number of brokerages have weighed in on SCR. ATB Capital set a C$31.00 price target on shares of Strathcona Resources and gave the company an “outperform” rating in a report on Thursday, February 1st. Royal Bank of Canada upped their price target on shares of Strathcona Resources from C$31.00 to C$38.00 in a report on Tuesday, April 9th. BMO Capital Markets upped their price target on shares of Strathcona Resources from C$25.00 to C$33.00 in a report on Thursday, March 28th. Scotiabank cut their price target on shares of Strathcona Resources from C$40.00 to C$32.00 and set a “sector perform” rating for the company in a report on Tuesday, January 16th. Finally, 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 report on Friday.

Strathcona Resources Stock Performance

SCR stock opened at C$32.42 on Tuesday. The company has a market capitalization of C$6.94 billion and a P/E ratio of -14.78. The company has a 50-day simple moving average of C$27.15 and a 200 day simple moving average of C$26.59. Strathcona Resources has a fifty-two week low of C$20.16 and a fifty-two week high of C$34.98. 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, March 26th. The company reported C$1.23 earnings per share for the quarter, missing the consensus estimate of C$1.32 by C($0.09). The company had revenue of C$1.29 billion during the quarter, compared to analyst estimates of C$869.00 million. Strathcona Resources had a return on equity of 12.32% and a net margin of 13.63%. Sell-side analysts predict that Strathcona Resources will post 4.4259502 earnings per share for the current fiscal year.

Strathcona Resources Company Profile

Strathcona Resources Ltd. acquires, explores for, develops, and produces petroleum and natural gas reserves in western 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.