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

Shares of Strathcona Resources Ltd. (TSE:SCR) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$36.38.

Several equities research analysts have issued reports on SCR shares. Jefferies Financial Group lifted their price objective on Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. TD Securities lifted their price target on shares of Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. Royal Bank of Canada increased their price objective on shares of Strathcona Resources from C$34.00 to C$36.00 in a research note on Friday, November 15th. Scotiabank boosted their target price on shares of Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. Finally, ATB Capital increased their price target on shares of Strathcona Resources from C$37.00 to C$38.00 in a research report on Friday, November 15th.

Insider Buying and Selling

In related news, Director Connie De Ciancio bought 3,358 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were purchased at an average cost of C$28.77 per share, with a total value of C$96,609.66. Also, Director Navjeet Dhillon purchased 3,000 shares of the stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of C$32.56 per share, with a total value of C$97,668.00. Insiders have acquired a total of 7,958 shares of company stock worth $239,165 over the last quarter. 91.34% of the stock is owned by company insiders.

Strathcona Resources Stock Up 3.9 %

Shares of TSE SCR opened at C$29.89 on Friday. The company has a debt-to-equity ratio of 50.29, a quick ratio of 11.09 and a current ratio of 0.53. Strathcona Resources has a 1 year low of C$21.35 and a 1 year high of C$37.69. The stock’s 50-day simple moving average is C$29.59 and its 200-day simple moving average is C$30.06. The firm has a market cap of C$6.40 billion and a price-to-earnings ratio of 6.95.

Strathcona Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Monday, December 16th. Strathcona Resources’s dividend payout ratio is presently 23.26%.

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.