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

Strathcona Resources Ltd. (TSE:SCR) has been given a consensus rating of “Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$43.00.

A number of research firms have recently issued reports on SCR. Jefferies Financial Group upgraded Strathcona Resources from a “hold” rating to a “buy” rating and increased their target price for the company from C$45.00 to C$56.00 in a report on Thursday, June 4th. 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 report on Wednesday, April 8th. TD Securities raised Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Finally, National Bank Financial reduced their price objective on Strathcona Resources from C$68.00 to C$66.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th.

Strathcona Resources Trading Up 2.8%

TSE SCR opened at C$40.73 on Wednesday. Strathcona Resources has a twelve month low of C$25.79 and a twelve month high of C$51.70. The company has a debt-to-equity ratio of 50.35, a quick ratio of 11.09 and a current ratio of 0.39. The stock has a market cap of C$8.73 billion, a price-to-earnings ratio of 11.74, a PEG ratio of -2.02 and a beta of 2.61. The firm’s 50 day moving average price is C$42.61 and its two-hundred day moving average price is C$36.86.

Strathcona Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 17th were issued a $0.30 dividend. The ex-dividend date was Monday, June 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. Strathcona Resources’s dividend payout ratio is currently 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.