Strathcona Resources Ltd. (TSE:SCR) Receives C$43.43 Consensus PT from Analysts

Strathcona Resources Ltd. (TSE:SCR) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$43.43.

Several research firms recently weighed in on SCR. Jefferies Financial Group raised Strathcona Resources from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$45.00 to C$56.00 in a report on Thursday, June 4th. Roth Mkm set a C$40.00 price objective on Strathcona Resources and gave the company a “buy” rating in a report on Tuesday, March 10th. TD Securities upgraded Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. National Bank Financial increased their price objective on Strathcona Resources from C$41.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Finally, Royal Bank Of Canada lifted their target price on 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.

Strathcona Resources Trading Down 0.2%

Shares of SCR stock opened at C$37.33 on Friday. The firm has a 50 day moving average price of C$43.13 and a two-hundred day moving average price of C$36.45. The company has a quick ratio of 11.09, a current ratio of 0.39 and a debt-to-equity ratio of 50.35. The company has a market capitalization of C$8.00 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. Strathcona Resources has a 12-month low of C$25.79 and a 12-month high of C$51.70.

Strathcona Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 17th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Monday, June 8th. Strathcona Resources’s dividend payout ratio (DPR) is currently 34.58%.

About Strathcona Resources

Strathcona is one of North America’s fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.