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

Strathcona Resources Ltd. (TSE:SCR) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$36.38.

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada boosted their price objective on Strathcona Resources from C$34.00 to C$36.00 in a research report on Friday, November 15th. Jefferies Financial Group boosted their price target on Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. Scotiabank raised their price objective on shares of Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, November 15th. Atb Cap Markets lowered shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, TD Securities raised their price target on shares of Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th.

Strathcona Resources Stock Performance

TSE SCR opened at C$29.89 on Friday. Strathcona Resources has a fifty-two week low of C$21.35 and a fifty-two week high of C$37.69. The stock has a market cap of C$6.40 billion and a PE ratio of 6.95. The company has a debt-to-equity ratio of 50.29, a quick ratio of 11.09 and a current ratio of 0.53. The firm’s fifty day moving average price is C$29.41 and its two-hundred day moving average price is C$30.14.

Strathcona Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.35%. Strathcona Resources’s dividend payout ratio (DPR) is currently 23.26%.

Insider Activity

In other Strathcona Resources news, Senior Officer Pit Kim Chiu purchased 1,600 shares of the company’s stock in a transaction on Friday, December 20th. The shares were purchased at an average cost of C$28.05 per share, with a total value of C$44,887.04. Also, Director Connie De Ciancio purchased 3,358 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were acquired at an average price of C$28.77 per share, for a total transaction of C$96,609.66. In the last three months, insiders have bought 7,958 shares of company stock valued at $239,165. 91.34% of the stock is currently owned by insiders.

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.