Strathcona Resources Ltd. (TSE:SCR) Given Consensus Recommendation of “Hold” by Analysts

Strathcona Resources Ltd. (TSE:SCR) has been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$33.25.

A number of equities research analysts have commented on the company. Jefferies Financial Group decreased their price objective on Strathcona Resources from C$29.00 to C$26.00 in a research report on Tuesday, January 20th. Roth Mkm set a C$40.00 target price on Strathcona Resources and gave the company a “buy” rating in a report on Tuesday, March 10th. Scotiabank reduced their price target on shares of Strathcona Resources from C$40.00 to C$33.00 in a research report on Tuesday, December 30th. Royal Bank Of Canada raised their price target on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Friday, March 13th. Finally, ATB Cormark Capital Markets lowered their price objective on shares of Strathcona Resources from C$42.00 to C$32.00 in a research report on Tuesday, December 23rd.

Strathcona Resources Price Performance

SCR opened at C$39.29 on Thursday. The firm has a market capitalization of C$8.42 billion, a P/E ratio of 7.67, a PEG ratio of -2.02 and a beta of 2.61. The stock has a fifty day moving average of C$29.65 and a 200-day moving average of C$34.74. The company has a quick ratio of 11.09, a current ratio of 0.37 and a debt-to-equity ratio of 49.94. Strathcona Resources has a 12-month low of C$22.75 and a 12-month high of C$45.09.

Strathcona Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 20th. 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 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.