Brokerages Set Strathcona Resources Ltd. (TSE:SCR) PT at C$32.43

Strathcona Resources Ltd. (TSE:SCR) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$32.43.

Several equities analysts recently commented on the stock. Scotiabank dropped their price objective on shares of Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. Jefferies Financial Group lowered their price target on shares of Strathcona Resources from C$29.00 to C$26.00 in a report on Tuesday, January 20th. Natl Bk Canada upgraded Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. TD Securities boosted their price objective on Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Finally, ATB Capital lowered their target price on Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd.

Strathcona Resources Stock Performance

Strathcona Resources stock opened at C$26.82 on Wednesday. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. The stock has a market cap of C$5.75 billion, a PE ratio of 5.24, a P/E/G ratio of -2.02 and a beta of 2.61. Strathcona Resources has a 12-month low of C$22.75 and a 12-month high of C$45.09. The business’s 50-day moving average price is C$32.84 and its two-hundred day moving average price is C$35.61.

Strathcona Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. 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.