Shares of Strathcona Resources Ltd. (TSE:SCR – Get Free Report) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$34.57.
SCR has been the topic of several research reports. Scotiabank lowered their price objective on shares of Strathcona Resources from C$40.00 to C$32.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 16th. Jefferies Financial Group raised their target price on shares of Strathcona Resources from C$26.00 to C$36.00 and gave the stock a “hold” rating in a research note on Friday. BMO Capital Markets raised their target price on shares of Strathcona Resources from C$25.00 to C$33.00 in a research note on Thursday, March 28th. ATB Capital set a C$31.00 target price on shares of Strathcona Resources and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada raised their target price on shares of Strathcona Resources from C$31.00 to C$38.00 in a research note on Tuesday, April 9th.
Read Our Latest Research Report on SCR
Strathcona Resources Trading Down 2.0 %
Strathcona Resources (TSE:SCR – Get Free Report) last issued its quarterly earnings data 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). Strathcona Resources had a return on equity of 12.32% and a net margin of 13.63%. The business had revenue of C$1.29 billion for the quarter, compared to analysts’ expectations of C$869.00 million. Analysts forecast that Strathcona Resources will post 4.4259502 earnings per share for the current 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.
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