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

Strathcona Resources Ltd. (TSE:SCR) has received a consensus rating of “Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$43.00.

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

Strathcona Resources Stock Performance

SCR opened at C$41.96 on Wednesday. The firm has a market capitalization of C$8.99 billion, a P/E ratio of 12.09, a P/E/G ratio of -2.02 and a beta of 2.61. The firm’s 50 day moving average is C$42.37 and its 200-day moving average is C$37.14. Strathcona Resources has a 52-week low of C$25.79 and a 52-week high of C$51.70. The company has a quick ratio of 11.09, a current ratio of 0.39 and a debt-to-equity ratio of 50.35.

Strathcona Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. Strathcona Resources’s dividend payout ratio is currently 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.