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

Strathcona Resources Ltd. (TSE:SCR) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$35.50.

SCR has been the topic of several recent analyst reports. Royal Bank of Canada reduced their price target on Strathcona Resources from C$35.00 to C$34.00 and set a “sector perform” rating on the stock in a report on Thursday, March 6th. Jefferies Financial Group increased their target price on Strathcona Resources from C$30.00 to C$32.00 in a research note on Monday, December 16th. TD Securities decreased their target price 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. CIBC upped their price target on shares of Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, January 17th. Finally, Atb Cap Markets lowered shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Strathcona Resources Trading Down 3.1 %

Shares of SCR opened at C$28.74 on Monday. The company’s fifty day simple moving average is C$27.52 and its 200-day simple moving average is C$28.62. The company has a market cap of C$6.15 billion and a P/E ratio of 16.58. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06. Strathcona Resources has a twelve month low of C$22.75 and a twelve month high of C$37.69.

Strathcona Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.62%. This is a boost from Strathcona Resources’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, March 21st. Strathcona Resources’s dividend payout ratio is presently 57.67%.

Insider Activity

In related news, Senior Officer Dale George Babiak acquired 6,410 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were bought at an average price of C$31.50 per share, with a total value of C$201,915.00. Also, Senior Officer Allan Grabas bought 8,802 shares of the business’s stock in a transaction on Monday, March 10th. The stock was bought at an average price of C$27.47 per share, for a total transaction of C$241,790.94. In the last quarter, insiders acquired 15,492 shares of company stock worth $452,159. 91.34% of the stock is currently owned by corporate insiders.

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.