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

Strathcona Resources Ltd. (TSE:SCR) has received an average rating of “Moderate Buy” from the five brokerages 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 assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$35.88.

A number of brokerages recently weighed in on SCR. Atb Cap Markets downgraded shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. ATB Capital boosted their price objective on Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. TD Securities lowered their price objective on Strathcona Resources from C$32.00 to C$29.00 and set a “hold” rating on the stock in a research note on Thursday. Scotiabank boosted their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. Finally, CIBC boosted their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, January 17th.

Strathcona Resources Stock Performance

Shares of TSE:SCR traded up C$1.83 during midday 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. The company’s 50 day moving average price is C$28.39 and its 200 day moving average price is C$28.95. 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 stock has a market cap of C$5.67 billion and a P/E ratio of 15.28. Strathcona Resources has a 52-week low of C$22.75 and a 52-week high of C$37.69.

Strathcona Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.77%. Strathcona Resources’s dividend payout ratio is presently 57.67%.

Insider Activity at Strathcona Resources

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

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.