Strathcona Resources Ltd. (TSE:SCR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Strathcona Resources Ltd. (TSE:SCR) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$34.25.

A number of research analysts have recently commented on SCR shares. Standpoint Research increased their target price on Strathcona Resources from C$40.00 to C$42.00 in a research report on Thursday, July 11th. TD Securities reduced their price target on Strathcona Resources from C$34.00 to C$30.00 in a report on Tuesday, October 1st. Royal Bank of Canada lowered their target price on shares of Strathcona Resources from C$37.00 to C$34.00 in a research note on Tuesday, September 17th. Finally, Jefferies Financial Group decreased their price objective on shares of Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating for the company in a report on Monday, September 16th.

Insider Activity at Strathcona Resources

In related news, Director Navjeet Dhillon purchased 3,455 shares of the business’s stock in a transaction on Monday, August 19th. The shares were bought at an average cost of C$31.75 per share, with a total value of C$109,696.25. In other Strathcona Resources news, Senior Officer Scott Seipert bought 5,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average cost of C$30.50 per share, for a total transaction of C$152,500.00. Also, Director Navjeet Dhillon purchased 3,455 shares of Strathcona Resources stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average cost of C$31.75 per share, with a total value of C$109,696.25. 91.34% of the stock is owned by insiders.

Strathcona Resources Price Performance

TSE SCR opened at C$27.22 on Friday. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 50.29. The firm has a market capitalization of C$5.83 billion and a P/E ratio of 6.33. The company has a 50-day moving average price of C$28.31 and a 200-day moving average price of C$30.86. Strathcona Resources has a 52 week low of C$20.16 and a 52 week high of C$37.69.

Strathcona Resources (TSE:SCR) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$1.43 earnings per share for the quarter. Strathcona Resources had a return on equity of 12.32% and a net margin of 11.62%. The firm had revenue of C$992.90 million for the quarter, compared to analysts’ expectations of C$978.00 million. Equities research analysts anticipate that Strathcona Resources will post 2.8494405 earnings per share for the current year.

Strathcona Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, September 16th. This represents a $1.00 annualized dividend and a yield of 3.67%. Strathcona Resources’s payout ratio is presently 23.26%.

About Strathcona Resources

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.