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

Shares of Strathcona Resources Ltd. (TSE:SCR) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$35.50.

Several brokerages have recently weighed in on SCR. CIBC lifted their price target on shares of Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, January 17th. Jefferies Financial Group boosted their price target on Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. Scotiabank raised Strathcona Resources to a “strong-buy” rating in a research note on Wednesday, March 19th. Atb Cap Markets downgraded Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada decreased their target price on shares of Strathcona Resources from C$35.00 to C$34.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 6th.

Strathcona Resources Stock Performance

SCR opened at C$28.74 on Monday. The company’s 50 day moving average is C$27.52 and its 200 day moving average is C$28.62. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06. The company has a market cap of C$6.15 billion and a price-to-earnings ratio of 16.58. Strathcona Resources has a 12-month low of C$22.75 and a 12-month high of C$37.69.

Strathcona Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a dividend of $0.26 per share. This is a positive change from Strathcona Resources’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Friday, March 21st. Strathcona Resources’s dividend payout ratio (DPR) is 57.67%.

Insider Activity

In other news, Senior Officer Dale George Babiak acquired 6,410 shares of Strathcona Resources stock in a transaction on Monday, January 13th. The shares were acquired at an average price of C$31.50 per share, with a total value of C$201,915.00. Also, Senior Officer Allan Grabas acquired 8,802 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of C$27.47 per share, for a total transaction of C$241,790.94. Insiders have purchased a total of 15,492 shares of company stock worth $452,159 over the last quarter. Insiders own 91.34% of the company’s stock.

Strathcona Resources Company Profile

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.