Analysts Set Strathcona Resources Ltd. (TSE:SCR) Target Price at C$32.43

Strathcona Resources Ltd. (TSE:SCR) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$32.43.

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group lowered their price objective on Strathcona Resources from C$29.00 to C$26.00 in a research report on Tuesday, January 20th. Scotiabank decreased their target price on Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. TD Securities raised their price target on Strathcona Resources from C$35.00 to C$36.00 and gave the company a “hold” rating in a report on Friday, November 7th. Natl Bk Canada upgraded Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Finally, Royal Bank Of Canada decreased their price objective on shares of Strathcona Resources from C$40.00 to C$35.00 and set a “moderate buy” rating on the stock in a research report on Tuesday, January 13th.

Strathcona Resources Price Performance

Shares of TSE:SCR opened at C$26.00 on Wednesday. The company has a 50 day moving average of C$33.46 and a 200 day moving average of C$35.65. 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 stock has a market cap of C$5.57 billion, a P/E ratio of 5.08, a P/E/G ratio of -2.02 and a beta of 2.61. Strathcona Resources has a 12 month low of C$22.75 and a 12 month high of C$45.09.

Strathcona Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.6%. Strathcona Resources’s dividend payout ratio is presently 21.68%.

Strathcona Resources Company Profile

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.