Strathcona Resources (TSE:SCR) Sets New 12-Month High – Should You Buy?

Strathcona Resources Ltd. (TSE:SCR) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$41.86 and last traded at C$41.59, with a volume of 11695 shares traded. The stock had previously closed at C$41.47.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. TD Securities lifted their price target on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Scotiabank increased their price target on Strathcona Resources from C$34.00 to C$40.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. National Bankshares reduced their target price on Strathcona Resources from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 22nd. Royal Bank Of Canada lifted their price target on shares of Strathcona Resources from C$36.00 to C$40.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 16th. Finally, Jefferies Financial Group increased their price objective on shares of Strathcona Resources from C$34.00 to C$38.00 in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$36.86.

Strathcona Resources Stock Performance

The stock’s fifty day moving average price is C$37.20 and its 200-day moving average price is C$33.98. The company has a market capitalization of C$9.05 billion, a P/E ratio of 8.25, a PEG ratio of -2.02 and a beta of 2.61. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53.

Strathcona Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Monday, September 22nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, September 12th. Strathcona Resources’s dividend payout ratio (DPR) is 21.68%.

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.