Strathcona Resources Ltd. (TSE:SCR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Strathcona Resources Ltd. (TSE:SCR) have received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$32.43.

SCR has been the topic of a number of research reports. ATB Capital decreased their price objective on Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. Royal Bank Of Canada decreased their price target on shares of Strathcona Resources from C$40.00 to C$35.00 and set a “moderate buy” rating on the stock in a research note on Tuesday, January 13th. Jefferies Financial Group lowered their price objective on shares of Strathcona Resources from C$29.00 to C$26.00 in a report on Tuesday, January 20th. TD Securities increased their target price on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the company a “hold” rating in a report on Friday, November 7th. Finally, Scotiabank decreased their target price on shares of Strathcona Resources from C$40.00 to C$33.00 in a research report on Tuesday, December 30th.

Strathcona Resources Trading Down 1.4%

Shares of SCR stock opened at C$26.50 on Wednesday. The business has a 50-day moving average price of C$34.45 and a two-hundred day moving average price of C$35.83. Strathcona Resources has a 12-month low of C$22.75 and a 12-month high of C$45.09. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. The firm has a market cap of C$5.68 billion, a P/E ratio of 5.18, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61.

Strathcona Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were issued a $0.30 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. Strathcona Resources’s payout ratio is currently 21.68%.

Strathcona Resources Company Profile

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.