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

Strathcona Resources Ltd. (TSE:SCR) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$32.43.

SCR has been the subject of several recent analyst reports. Scotiabank decreased their price target on Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. TD Securities upped their target price on Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. National Bank Financial upgraded 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 reduced their price objective on shares of Strathcona Resources from C$29.00 to C$26.00 in a research note on Tuesday, January 20th. Finally, ATB Cormark Capital Markets dropped their target price on shares of Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd.

Strathcona Resources Price Performance

SCR stock opened at C$30.15 on Friday. The company has a market capitalization of C$6.46 billion, a PE ratio of 5.89, a P/E/G 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 business’s fifty day moving average price is C$29.18 and its 200 day moving average price is C$35.11. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06.

Strathcona Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, December 5th. Strathcona Resources’s payout ratio is currently 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.