Strathcona Resources Ltd. (TSE:SCR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Strathcona Resources Ltd. (TSE:SCR) have been given an average rating of “Hold” by the seven research firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$39.14.

Several research analysts recently commented on SCR shares. Jefferies Financial Group cut their price objective on shares of Strathcona Resources from C$29.00 to C$26.00 in a report on Tuesday, January 20th. Royal Bank Of Canada raised their price objective on shares of Strathcona Resources from C$36.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 8th. ATB Cormark Capital Markets decreased their target price on shares of Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. Roth Mkm set a C$40.00 target price on shares of Strathcona Resources and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Finally, Scotiabank lowered their target price on shares of Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th.

Strathcona Resources Stock Down 5.5%

SCR opened at C$35.97 on Monday. The company has a 50 day moving average of C$35.46 and a 200 day moving average of C$35.13. The company has a market cap of C$7.71 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. Strathcona Resources has a 12 month low of C$24.46 and a 12 month high of C$45.09. The company has a current ratio of 0.37, a quick ratio of 11.09 and a debt-to-equity ratio of 49.94.

Strathcona Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 27th were paid a $0.30 dividend. The ex-dividend date was Friday, March 20th. This represents a $1.20 annualized dividend and a yield of 3.3%. Strathcona Resources’s dividend payout ratio is currently 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.