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

Strathcona Resources Ltd. (TSE:SCR) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$32.43.

A number of research analysts recently commented on SCR shares. Scotiabank cut their target price on Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. National Bank Financial raised shares of Strathcona Resources from a “hold” rating to an “outperform” rating and lowered their price target for the company from C$36.00 to C$32.00 in a report on Friday, January 9th. Jefferies Financial Group dropped their price objective on shares of Strathcona Resources from C$29.00 to C$26.00 in a research note on Tuesday, January 20th. Royal Bank Of Canada reduced their price objective on shares of Strathcona Resources from C$40.00 to C$35.00 and set a “moderate buy” rating for the company in a report on Tuesday, January 13th. Finally, TD Securities upped 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 research note on Friday, November 7th.

Strathcona Resources Stock Performance

Strathcona Resources stock opened at C$30.15 on Friday. The business has a 50 day moving average price of C$29.18 and a two-hundred day moving average price of C$35.11. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. Strathcona Resources has a 12 month low of C$22.75 and a 12 month high of C$45.09. The stock has a market cap of C$6.46 billion, a price-to-earnings ratio of 5.89, 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. Shareholders of record on Monday, December 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, December 5th. Strathcona Resources’s payout ratio is presently 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.