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

Shares of Strathcona Resources Ltd. (TSE:SCR) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$32.43.

A number of brokerages have issued reports on SCR. ATB Capital lowered their target price on shares of Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. Scotiabank reduced their price target on Strathcona Resources from C$40.00 to C$33.00 in a research report on Tuesday, December 30th. Jefferies Financial Group dropped their price objective on Strathcona Resources from C$29.00 to C$26.00 in a report on Tuesday, January 20th. Natl Bk Canada raised Strathcona Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Finally, Royal Bank Of Canada decreased their price target on Strathcona Resources from C$40.00 to C$35.00 and set a “moderate buy” rating on the stock in a research report on Tuesday, January 13th.

Strathcona Resources Stock Performance

TSE SCR opened at C$26.50 on Wednesday. The company’s 50 day moving average is C$34.45 and its 200-day moving average is C$35.83. 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 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.

Strathcona Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors 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 4.5%. The ex-dividend date of this dividend was Friday, December 5th. Strathcona Resources’s dividend payout ratio is 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.