Strathcona Resources Ltd. (TSE:SCR) Receives Average Rating of “Moderate Buy” from Analysts

Strathcona Resources Ltd. (TSE:SCR) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$33.57.

Several research firms have recently commented on SCR. National Bankshares raised shares of Strathcona Resources from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from C$36.00 to C$32.00 in a research report on Friday. Natl Bk Canada downgraded Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. ATB Capital decreased their price target on Strathcona Resources from C$42.00 to C$32.00 in a research note on Tuesday, December 23rd. Scotiabank cut their price objective on Strathcona Resources from C$40.00 to C$33.00 in a research report on Tuesday, December 30th. Finally, Royal Bank Of Canada upped their target price on shares of Strathcona Resources from C$36.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Thursday, October 16th.

Strathcona Resources Price Performance

Shares of SCR stock opened at C$26.50 on Friday. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. The company has a market capitalization of C$5.68 billion, a PE ratio of 5.18, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The firm’s 50-day moving average is C$37.66 and its two-hundred day moving average is C$36.09. Strathcona Resources has a 12 month low of C$22.75 and a 12 month high of C$45.09.

Strathcona Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, December 5th. Strathcona Resources’s dividend payout ratio is currently 21.68%.

About Strathcona Resources

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.