Strathcona Resources Ltd. (TSE:SCR) Director Buys C$102,360.60 in Stock

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

Strathcona Resources Stock Performance

Strathcona Resources stock traded up C$0.43 on Thursday, hitting C$32.94. The company’s stock had a trading volume of 5,402 shares, compared to its average volume of 43,296. The firm has a market cap of C$7.06 billion and a P/E ratio of -14.82. The company has a quick ratio of 11.09, a current ratio of 0.42 and a debt-to-equity ratio of 58.40. The company has a fifty day moving average price of C$27.51 and a 200-day moving average price of C$26.44. Strathcona Resources Ltd. has a one year low of C$20.16 and a one year high of C$34.98.

Strathcona Resources (TSE:SCR) last announced its quarterly earnings results on Tuesday, March 26th. The company reported C$1.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities analysts anticipate that Strathcona Resources Ltd. will post 4.4259502 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SCR. ATB Capital set a C$31.00 price objective on shares of Strathcona Resources and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Jefferies Financial Group upped their target price on shares of Strathcona Resources from C$26.00 to C$36.00 and gave the company a “hold” rating in a research note on Friday, April 12th. BMO Capital Markets upped their target price on shares of Strathcona Resources from C$25.00 to C$33.00 in a research note on Thursday, March 28th. Scotiabank cut their target price 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 note on Tuesday, January 16th. Finally, Royal Bank of Canada upped their target price on shares of Strathcona Resources from C$31.00 to C$38.00 in a research note on Tuesday, April 9th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.