Strathcona Resources Ltd. (TSE:SCR) Receives C$35.88 Consensus PT from Brokerages

Shares of Strathcona Resources Ltd. (TSE:SCR) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation 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$35.50.

Several research firms recently commented on SCR. Scotiabank raised their price objective on shares of Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, November 15th. TD Securities cut their price objective on shares of Strathcona Resources from C$32.00 to C$29.00 and set a “hold” rating for the company in a report on Thursday, March 6th. Atb Cap Markets downgraded shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Royal Bank of Canada cut their price objective on shares of Strathcona Resources from C$35.00 to C$34.00 and set a “sector perform” rating for the company in a report on Thursday, March 6th. Finally, Jefferies Financial Group raised their price objective on shares of Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th.

Insider Buying and Selling at Strathcona Resources

In related news, Senior Officer Allan Grabas acquired 8,802 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of C$27.47 per share, with a total value of C$241,790.94. Also, Senior Officer Pit Kim Chiu acquired 1,600 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were bought at an average cost of C$28.05 per share, with a total value of C$44,887.04. Insiders bought a total of 20,450 shares of company stock valued at $593,656 in the last three months. Company insiders own 91.34% of the company’s stock.

Strathcona Resources Trading Up 2.5 %

Shares of SCR stock opened at C$27.51 on Thursday. The company has a 50 day moving average of C$28.03 and a 200-day moving average of C$28.78. The firm has a market cap of C$5.88 billion and a P/E ratio of 15.87. Strathcona Resources has a 12-month low of C$22.75 and a 12-month high of C$37.69. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.64%. The ex-dividend date was Monday, December 16th. Strathcona Resources’s payout ratio is 57.67%.

Strathcona Resources Company Profile

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.