Insider Buying: Strathcona Resources Ltd. (TSE:SCR) Director Buys 2,993 Shares of Stock

Strathcona Resources Ltd. (TSE:SCR) Director Robert J. Morgan bought 2,993 shares of Strathcona Resources stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average price of C$34.20 per share, with a total value of C$102,360.60.

Strathcona Resources Stock Performance

SCR opened at C$33.12 on Friday. The stock has a market cap of C$7.09 billion and a PE ratio of -15.10. The company has a current ratio of 0.42, a quick ratio of 11.09 and a debt-to-equity ratio of 58.40. Strathcona Resources Ltd. has a 1 year low of C$20.16 and a 1 year high of C$34.98. The stock’s 50 day simple moving average is C$27.93 and its 200-day simple moving average is C$26.29.

Strathcona Resources (TSE:SCR) last released its quarterly earnings data on Tuesday, March 26th. The company reported C$1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.09). The firm had revenue of C$1.29 billion for the quarter, compared to the consensus estimate of C$869.00 million. Strathcona Resources had a net margin of 13.63% and a return on equity of 12.32%. Sell-side analysts forecast that Strathcona Resources Ltd. will post 4.4259502 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SCR shares. Royal Bank of Canada boosted their target price on Strathcona Resources from C$31.00 to C$38.00 in a report on Tuesday, April 9th. Scotiabank cut their price target on 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. Jefferies Financial Group upped their price target on Strathcona Resources from C$26.00 to C$36.00 and gave the stock a “hold” rating in a report on Friday, April 12th. ATB Capital set a C$31.00 price target on Strathcona Resources and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, BMO Capital Markets upped their price target on Strathcona Resources from C$25.00 to C$33.00 in a report on Thursday, March 28th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$34.57.

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.