Strathcona Resources Ltd. (SCR) To Go Ex-Dividend on March 20th

Strathcona Resources Ltd. (TSE:SCR) declared a quarterly dividend on Friday, March 20th, TickerTech Dividends reports. Investors of record on Friday, March 27th will be given a dividend of 0.30 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, March 20th.

Strathcona Resources Stock Performance

Shares of SCR opened at C$38.94 on Wednesday. The company has a debt-to-equity ratio of 49.94, a quick ratio of 11.09 and a current ratio of 0.37. The stock has a market capitalization of C$8.34 billion, a P/E ratio of 7.61, a P/E/G ratio of -2.02 and a beta of 2.61. The company’s fifty day moving average is C$29.40 and its two-hundred day moving average is C$34.71. Strathcona Resources has a 1 year low of C$22.75 and a 1 year high of C$45.09.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SCR. National Bank Financial lifted their target price on shares of Strathcona Resources from C$32.00 to C$41.00 and gave the company an “outperform” rating in a report on Friday, March 13th. ATB Cormark Capital Markets cut their price target on shares of Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. Royal Bank Of Canada raised their price objective on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the company a “sector perform” rating in a research report on Friday, March 13th. Scotiabank lowered their price objective on Strathcona Resources from C$40.00 to C$33.00 in a report on Tuesday, December 30th. Finally, Roth Mkm set a C$40.00 target price on Strathcona Resources and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$33.25.

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.