Strathcona Resources Ltd. (TSE:SCR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Strathcona Resources Ltd. (TSE:SCR) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$34.86.

A number of research analysts recently issued reports on the company. National Bank Financial upgraded Strathcona Resources to a “strong-buy” rating in a report on Sunday, June 29th. Cibc World Mkts downgraded Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 3rd. National Bankshares set a C$42.00 price target on Strathcona Resources and gave the company an “outperform” rating in a report on Monday, June 30th. Finally, ATB Capital boosted their price target on Strathcona Resources from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a report on Tuesday, June 17th.

Strathcona Resources Stock Up 1.2%

SCR opened at C$36.48 on Thursday. Strathcona Resources has a 12 month low of C$22.75 and a 12 month high of C$39.49. The company has a market cap of C$7.82 billion, a P/E ratio of 10.95, a P/E/G ratio of -2.02 and a beta of 2.61. 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 business’s 50-day moving average price is C$36.51 and its 200-day moving average price is C$31.36.

Strathcona Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Monday, September 22nd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, September 12th. Strathcona Resources’s payout ratio is presently 31.83%.

Insiders Place Their Bets

In other news, Director Connie De Ciancio acquired 4,293 shares of the business’s stock in a transaction on Monday, July 14th. The shares were acquired at an average cost of C$32.50 per share, with a total value of C$139,522.50. Insiders own 91.34% of the company’s stock.

About Strathcona Resources

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.