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

Strathcona Resources Ltd. (TSE:SCR) has been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$35.88.

A number of equities analysts recently commented on SCR shares. ATB Capital raised their target price on Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Jefferies Financial Group raised their price target on Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. CIBC raised their price target on Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, January 17th. Scotiabank raised their price target on Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, November 15th. Finally, TD Securities decreased their price target on Strathcona Resources from C$32.00 to C$29.00 and set a “hold” rating on the stock in a report on Thursday.

Insider Buying and Selling

In other Strathcona Resources news, Senior Officer Dale George Babiak bought 6,410 shares of the company’s stock in a transaction on Monday, January 13th. The stock was acquired at an average price of C$31.50 per share, for a total transaction of C$201,915.00. Also, Senior Officer Pit Kim Chiu bought 1,600 shares of the company’s stock in a transaction on Friday, December 20th. The shares were acquired at an average price of C$28.05 per share, with a total value of C$44,887.04. Over the last quarter, insiders purchased 11,648 shares of company stock worth $351,865. Corporate insiders own 91.34% of the company’s stock.

Strathcona Resources Stock Performance

Strathcona Resources stock traded up C$1.83 during trading on Thursday, reaching C$26.50. The company had a trading volume of 122,388 shares, compared to its average volume of 48,604. Strathcona Resources has a 52 week low of C$22.75 and a 52 week high of C$37.69. The firm’s 50-day simple moving average is C$28.39 and its 200 day simple moving average is C$28.95. The firm has a market capitalization of C$5.67 billion and a price-to-earnings ratio of 15.28. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 3.77%. Strathcona Resources’s dividend payout ratio is currently 57.67%.

About Strathcona Resources

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.