Strathcona Resources Ltd. (TSE:SCR) Receives C$35.88 Consensus PT from Analysts

Shares of Strathcona Resources Ltd. (TSE:SCR) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$35.50.

A number of equities analysts have issued reports on SCR shares. ATB Capital boosted their price objective on shares of Strathcona Resources from C$37.00 to C$38.00 in a research report on Friday, November 15th. CIBC upped their price objective on shares of Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, January 17th. Jefferies Financial Group upped their price objective on shares of Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. Royal Bank of Canada dropped their target price on shares of Strathcona Resources from C$35.00 to C$34.00 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, Scotiabank upped their target price on shares of Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th.

Insider Buying and Selling at Strathcona Resources

In related news, Director Connie De Ciancio purchased 3,358 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were acquired at an average price of C$28.77 per share, for a total transaction of C$96,609.66. Also, Senior Officer Dale George Babiak acquired 6,410 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of C$31.50 per share, for a total transaction of C$201,915.00. In the last quarter, insiders have acquired 11,648 shares of company stock valued at $351,865. Company insiders own 91.34% of the company’s stock.

Strathcona Resources Stock Performance

Shares of SCR opened at C$27.39 on Thursday. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06. The firm has a market cap of C$5.86 billion and a PE ratio of 15.80. The company’s 50 day simple moving average is C$28.28 and its 200-day simple moving average is C$28.87. Strathcona Resources has a 12-month low of C$22.75 and a 12-month high of C$37.69.

Strathcona Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.65%. Strathcona Resources’s payout ratio is 57.67%.

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.