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

Shares of Strathcona Resources Ltd. (TSE:SCR) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$43.43.

A number of research firms recently issued reports on SCR. TD Securities upgraded shares of Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Jefferies Financial Group upgraded Strathcona Resources from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$45.00 to C$56.00 in a research note on Thursday, June 4th. Roth Mkm set a C$40.00 price objective on Strathcona Resources and gave the company a “buy” rating in a report on Tuesday, March 10th. National Bank Financial raised their target price on Strathcona Resources from C$41.00 to C$69.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Finally, Royal Bank Of Canada lifted their price target on Strathcona Resources from C$36.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 8th.

Strathcona Resources Stock Down 0.6%

SCR stock opened at C$38.47 on Friday. The firm’s fifty day simple moving average is C$43.05 and its 200-day simple moving average is C$36.61. The company has a market capitalization of C$8.24 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The company has a debt-to-equity ratio of 50.35, a current ratio of 0.39 and a quick ratio of 11.09. Strathcona Resources has a 12 month low of C$25.79 and a 12 month high of C$51.70.

Strathcona Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 17th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.1%. Strathcona Resources’s dividend payout ratio (DPR) is presently 34.58%.

About Strathcona Resources

Strathcona is one of North America’s fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.