Strathcona Resources Ltd. (TSE:SCR) Receives C$36.38 Consensus PT from Analysts

Strathcona Resources Ltd. (TSE:SCR) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$36.25.

SCR has been the subject of a number of research analyst reports. Jefferies Financial Group raised their target price on Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. Royal Bank of Canada dropped their price target on shares of Strathcona Resources from C$36.00 to C$35.00 in a research note on Tuesday. TD Securities increased their price objective on Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. ATB Capital lifted their target price on Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Finally, Atb Cap Markets lowered Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Insiders Place Their Bets

In other Strathcona Resources news, Director Connie De Ciancio acquired 3,358 shares of the stock in a transaction on Tuesday, December 24th. The shares were bought at an average cost of C$28.77 per share, with a total value of C$96,609.66. Also, Director Navjeet Dhillon acquired 3,000 shares of Strathcona Resources stock in a transaction on Friday, November 15th. The shares were bought at an average cost of C$32.56 per share, with a total value of C$97,668.00. Over the last 90 days, insiders have bought 14,648 shares of company stock valued at $449,533. 91.34% of the stock is currently owned by insiders.

Strathcona Resources Stock Performance

TSE:SCR opened at C$29.35 on Tuesday. The stock has a market capitalization of C$6.29 billion and a P/E ratio of 6.83. 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 fifty-two week low of C$22.45 and a fifty-two week high of C$37.69. The company has a 50 day moving average price of C$30.45 and a 200 day moving average price of C$29.93.

Strathcona Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 3.41%. Strathcona Resources’s dividend payout ratio is currently 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.