Shares of Strathcona Resources Ltd. (TSE:SCR – Get Free Report) 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.
Get Our Latest Analysis on Strathcona Resources
Insider Buying and Selling at Strathcona Resources
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.
See Also
- Five stocks we like better than Strathcona Resources
- Industrial Products Stocks Investing
- Ramaco Resources Pins Hopes on Coal’s Untapped Potential
- Basic Materials Stocks Investing
- NVIDIA’s Soaring Energy Needs Make These 3 Nuclear Stocks a Buy
- Where Do I Find 52-Week Highs and Lows?
- Why Energy Transfer Belongs on Your Watchlist
Receive News & Ratings for Strathcona Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strathcona Resources and related companies with MarketBeat.com's FREE daily email newsletter.