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

Strathcona Resources Ltd. (TSE:SCR) has been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$39.14.

A number of equities analysts have recently issued reports on the stock. National Bank Financial upped their target price on shares of Strathcona Resources from C$41.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada upped their target price on shares of Strathcona Resources from C$36.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 8th. Roth Mkm set a C$40.00 target price on shares of Strathcona Resources and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Finally, TD Securities upgraded shares of Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th.

Strathcona Resources Price Performance

Shares of SCR stock opened at C$45.34 on Tuesday. Strathcona Resources has a 1 year low of C$25.79 and a 1 year high of C$51.70. The firm’s 50 day moving average is C$41.79 and its 200-day moving average is C$36.42. The firm has a market capitalization of C$9.71 billion, a price-to-earnings ratio of 13.07, a PEG ratio of -2.02 and a beta of 2.61. The company has a current ratio of 0.39, a quick ratio of 11.09 and a debt-to-equity ratio of 50.35.

Strathcona Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, June 8th. Strathcona Resources’s dividend payout ratio is presently 34.58%.

Strathcona Resources Company Profile

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.