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

by · The Markets Daily

Strathcona Resources Ltd. (TSE:SCR – Get Free Report) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$36.38.

Several brokerages have recently issued reports on SCR. Scotiabank raised their target price on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. Royal Bank of Canada raised their price objective on shares of Strathcona Resources from C$34.00 to C$36.00 in a report on Friday, November 15th. ATB Capital boosted their target price on shares of Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. TD Securities raised their price target on shares of Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. Finally, Jefferies Financial Group upped their price objective on Strathcona Resources from C$30.00 to C$32.00 in a research note on Monday, December 16th.

Check Out Our Latest Research Report on Strathcona Resources

Insider Transactions at Strathcona Resources

In other Strathcona Resources news, Senior Officer Dale George Babiak purchased 6,410 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were purchased at an average cost of C$31.50 per share, with a total value of C$201,915.00. Also, Senior Officer Pit Kim Chiu acquired 1,600 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of C$28.05 per share, with a total value of C$44,887.04. In the last ninety days, insiders purchased 14,368 shares of company stock valued at $441,080. Insiders own 91.34% of the company’s stock.

Strathcona Resources Stock Performance

SCR stock opened at C$31.16 on Tuesday. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 50.29. The firm has a market cap of C$6.68 billion and a PE ratio of 7.25. The business has a 50 day moving average of C$30.37 and a 200-day moving average of C$29.97. Strathcona Resources has a 12-month low of C$22.45 and a 12-month high of C$37.69.

Strathcona Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Monday, December 16th. Strathcona Resources’s dividend payout ratio (DPR) is currently 23.26%.

About Strathcona Resources

(Get Free Report

Strathcona Resources Ltd. acquires, explores, develops, and produces petroleum and natural gas reserves in Canada. It operates through three segments: Cold Lake Thermal, Lloydminster Heavy Oil, and Montney. The Cold Lake Thermal segment includes three producing assets in the Cold Lake region of Northern Alberta; and Lindbergh, Orion, and Tucker.

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