Strathcona Resources Ltd. (TSE:SCR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Strathcona Resources Ltd. (TSE:SCR) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$35.50.

A number of equities analysts recently weighed in on the company. Royal Bank of Canada decreased their price target on Strathcona Resources from C$35.00 to C$34.00 and set a “sector perform” rating for the company in a research report on Thursday, March 6th. TD Securities decreased their price objective on Strathcona Resources from C$32.00 to C$29.00 and set a “hold” rating for the company in a research report on Thursday, March 6th. ATB Capital raised their price objective on Strathcona Resources from C$37.00 to C$38.00 in a research report on Friday, November 15th. Atb Cap Markets lowered Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Scotiabank raised their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th.

Insider Transactions at Strathcona Resources

In related news, Senior Officer Allan Grabas acquired 8,802 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of C$27.47 per share, with a total value of C$241,790.94. Also, Senior Officer Pit Kim Chiu acquired 1,600 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of C$28.05 per share, for a total transaction of C$44,887.04. Insiders bought 20,450 shares of company stock valued at $593,656 in the last three months. Corporate insiders own 91.34% of the company’s stock.

Strathcona Resources Trading Down 3.1 %

TSE:SCR opened at C$26.55 on Thursday. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. Strathcona Resources has a 1-year low of C$22.75 and a 1-year high of C$37.69. The firm has a market capitalization of C$5.68 billion and a price-to-earnings ratio of 15.31. The stock has a fifty day simple moving average of C$28.20 and a 200 day simple moving average of C$28.83.

Strathcona Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Monday, December 16th. Strathcona Resources’s dividend payout ratio (DPR) is presently 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.