Strathcona Resources Ltd. (TSE:SCR) Director Robert J. Morgan Buys 2,993 Shares

Strathcona Resources Ltd. (TSE:SCR) Director Robert J. Morgan acquired 2,993 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were bought at an average price of C$34.20 per share, for a total transaction of C$102,360.60.

Strathcona Resources Price Performance

Shares of TSE SCR opened at C$33.16 on Friday. The stock has a market capitalization of C$7.10 billion and a price-to-earnings ratio of -15.11. Strathcona Resources Ltd. has a 12 month low of C$20.16 and a 12 month high of C$34.98. The firm’s 50 day simple moving average is C$27.72 and its 200-day simple moving average is C$26.36. The company has a debt-to-equity ratio of 58.40, a current ratio of 0.42 and a quick ratio of 11.09.

Strathcona Resources (TSE:SCR) last issued its quarterly earnings data 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). The firm had revenue of C$1.29 billion for 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%. Analysts expect that Strathcona Resources Ltd. will post 4.4259502 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SCR shares. Scotiabank reduced 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 research report on Tuesday, January 16th. ATB Capital set a C$31.00 price target on shares of Strathcona Resources and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Jefferies Financial Group raised their price target 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. BMO Capital Markets raised their price target on shares of Strathcona Resources from C$25.00 to C$33.00 in a research report on Thursday, March 28th. Finally, Royal Bank of Canada raised their price target on shares of Strathcona Resources from C$31.00 to C$38.00 in a research report on Tuesday, April 9th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Strathcona Resources currently has a consensus rating of “Hold” and an average target price 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.