Strathcona Resources Ltd. (TSE:SCR) Receives C$32.43 Average PT from Brokerages

Strathcona Resources Ltd. (TSE:SCR) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$32.43.

SCR has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their target price on Strathcona Resources from C$40.00 to C$35.00 and set a “moderate buy” rating for the company in a report on Tuesday, January 13th. TD Securities increased their price objective on Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “hold” rating in a report on Friday, November 7th. ATB Cormark Capital Markets cut their target price on Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. Scotiabank lowered their target price on Strathcona Resources from C$40.00 to C$33.00 in a report on Tuesday, December 30th. Finally, Jefferies Financial Group decreased their target price on Strathcona Resources from C$29.00 to C$26.00 in a research report on Tuesday, January 20th.

Strathcona Resources Price Performance

Shares of TSE SCR opened at C$28.75 on Friday. The firm has a market capitalization of C$6.16 billion, a PE ratio of 5.62, a P/E/G ratio of -2.02 and a beta of 2.61. The business’s fifty day moving average price is C$28.67 and its two-hundred day moving average price is C$35.04. Strathcona Resources has a 1-year low of C$22.75 and a 1-year high of C$45.09. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09.

Strathcona Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, December 5th. Strathcona Resources’s dividend payout ratio is presently 21.68%.

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.