Strathcona Resources Ltd. (TSE:SCR) Receives C$33.25 Average Price Target from Analysts

Shares of Strathcona Resources Ltd. (TSE:SCR) have been given an average recommendation of “Hold” by the seven brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$33.25.

Several brokerages have issued reports on SCR. TD Securities decreased their price target on shares of Strathcona Resources from C$27.00 to C$25.00 and set a “hold” rating for the company in a research report on Friday, March 13th. Scotiabank cut their price target on shares of Strathcona Resources from C$40.00 to C$33.00 in a report on Tuesday, December 30th. Roth Mkm set a C$40.00 price objective on shares of Strathcona Resources and gave the stock a “buy” rating in a research note on Tuesday, March 10th. National Bank Financial increased their price objective on Strathcona Resources from C$32.00 to C$41.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Finally, ATB Cormark Capital Markets lowered their target price on Strathcona Resources from C$42.00 to C$32.00 in a research report on Tuesday, December 23rd.

Strathcona Resources Stock Down 1.3%

Shares of TSE SCR opened at C$39.32 on Thursday. The company has a 50 day simple moving average of C$30.17 and a 200 day simple moving average of C$34.76. The company has a debt-to-equity ratio of 49.94, a current ratio of 0.37 and a quick ratio of 11.09. Strathcona Resources has a 1 year low of C$22.75 and a 1 year high of C$45.09. The firm has a market cap of C$8.42 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61.

Strathcona Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 27th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. Strathcona Resources’s dividend payout ratio is presently 27.29%.

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.