Strathcona Resources Ltd. (TSE:SCR) Given Average Rating of “Buy” by Brokerages

Shares of Strathcona Resources Ltd. (TSE:SCR) have been given a consensus rating of “Buy” by the six analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$43.00.

SCR has been the topic of a number of recent research reports. TD Securities raised Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Jefferies Financial Group raised shares of Strathcona Resources from a “hold” rating to a “buy” rating and raised their price target for the stock from C$45.00 to C$56.00 in a research note on Thursday, June 4th. National Bank Financial lowered their price objective on shares of Strathcona Resources from C$68.00 to C$66.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada boosted their price objective on shares of Strathcona Resources from C$36.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 8th.

Strathcona Resources Stock Performance

SCR stock opened at C$39.83 on Wednesday. Strathcona Resources has a 1-year low of C$25.79 and a 1-year high of C$51.70. The company has a current ratio of 0.39, a quick ratio of 11.09 and a debt-to-equity ratio of 50.35. The firm has a market cap of C$8.53 billion, a PE ratio of 11.48, a P/E/G ratio of -2.02 and a beta of 2.61. The business’s 50-day moving average price is C$41.98 and its two-hundred day moving average price is C$37.32.

Strathcona Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 17th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, June 8th. Strathcona Resources’s dividend payout ratio is presently 34.58%.

Strathcona Resources Company Profile

Strathcona is one of North America’s fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.