Strathcona Resources (TSE:SCR) Stock Price Up 4.6% – Should You Buy?

Strathcona Resources Ltd. (TSE:SCR) shot up 4.6% during trading on Friday . The company traded as high as C$40.56 and last traded at C$40.54. 40,392 shares traded hands during trading, a decline of 89% from the average session volume of 356,393 shares. The stock had previously closed at C$38.74.

Analysts Set New Price Targets

SCR has been the topic of a number of research reports. Royal Bank Of Canada boosted their target price 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. ATB Cormark Capital Markets lowered their price target on shares of Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. TD Securities dropped their price target on Strathcona Resources from C$27.00 to C$25.00 and set a “hold” rating for the company in a research report on Friday, March 13th. Jefferies Financial Group reduced their price objective on Strathcona Resources from C$29.00 to C$26.00 in a research note on Tuesday, January 20th. Finally, National Bank Financial raised their price objective on Strathcona Resources from C$32.00 to C$41.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Strathcona Resources has an average rating of “Hold” and an average price target of C$33.25.

Strathcona Resources Stock Performance

The firm has a market cap of C$9.03 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The business has a 50 day simple moving average of C$31.43 and a two-hundred day simple moving average of C$34.78. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 27th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, March 20th. Strathcona Resources’s payout ratio is presently 27.29%.

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.