Strathcona Resources Ltd. (TSE:SCR) Receives C$36.38 Average PT from Brokerages

Strathcona Resources Ltd. (TSE:SCR) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$35.88.

A number of brokerages recently issued reports on SCR. TD Securities lifted their price target on shares of Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. Royal Bank of Canada decreased their target price on shares of Strathcona Resources from C$36.00 to C$35.00 in a report on Tuesday, January 14th. Scotiabank increased their price objective on Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, November 15th. ATB Capital increased their target price on Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. Finally, Jefferies Financial Group increased their price target on shares of Strathcona Resources from C$30.00 to C$32.00 in a research report on Monday, December 16th.

Insider Activity at Strathcona Resources

In other news, Senior Officer Dale George Babiak acquired 6,410 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average cost of C$31.50 per share, for a total transaction of C$201,915.00. Also, Senior Officer Pit Kim Chiu bought 1,600 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average price of C$28.05 per share, with a total value of C$44,887.04. Insiders purchased 14,648 shares of company stock worth $449,533 over the last three months. Company insiders own 91.34% of the company’s stock.

Strathcona Resources Price Performance

Strathcona Resources stock opened at C$29.68 on Tuesday. Strathcona Resources has a 12-month low of C$22.45 and a 12-month high of C$37.69. The firm’s 50-day moving average is C$30.47 and its two-hundred day moving average is C$29.89. The stock has a market capitalization of C$6.36 billion and a P/E ratio of 6.90. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09.

Strathcona Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Monday, December 16th. Strathcona Resources’s dividend payout ratio is 23.26%.

About Strathcona Resources

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.