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

Strathcona Resources Ltd. (TSE:SCR) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. Two equities research 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 price target among analysts that have updated their coverage on the stock in the last year is C$36.38.

SCR has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price target on Strathcona Resources from C$34.00 to C$36.00 in a research note on Friday, November 15th. ATB Capital increased their price objective on shares of Strathcona Resources from C$37.00 to C$38.00 in a research report on Friday, November 15th. Atb Cap Markets downgraded shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group raised their price target on shares of Strathcona Resources from C$30.00 to C$32.00 in a report on Monday. Finally, TD Securities lifted their price objective on shares of Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th.

Insider Transactions at Strathcona Resources

In related news, Director Navjeet Dhillon purchased 3,000 shares of Strathcona Resources stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of C$32.56 per share, for a total transaction of C$97,668.00. Company insiders own 91.34% of the company’s stock.

Strathcona Resources Stock Performance

Shares of SCR opened at C$27.31 on Friday. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29. The firm has a market cap of C$5.85 billion and a PE ratio of 6.35. Strathcona Resources has a 12 month low of C$21.35 and a 12 month high of C$37.69. The stock has a fifty day moving average price of C$29.43 and a 200-day moving average price of C$30.24.

Strathcona Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Monday, December 16th. Strathcona Resources’s dividend payout ratio (DPR) is currently 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.