Brokerages Set Strathcona Resources Ltd. (TSE:SCR) Price Target at C$32.43

Strathcona Resources Ltd. (TSE:SCR) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$32.43.

SCR has been the subject of several research analyst reports. Scotiabank decreased their price objective on shares of Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. Jefferies Financial Group dropped their price target on Strathcona Resources from C$29.00 to C$26.00 in a research note on Tuesday, January 20th. Royal Bank Of Canada cut their price target on Strathcona Resources from C$40.00 to C$35.00 and set a “moderate buy” rating on the stock in a research report on Tuesday, January 13th. National Bank Financial upgraded Strathcona Resources from a “hold” rating to an “outperform” rating and reduced their price objective for the company from C$36.00 to C$32.00 in a research note on Friday, January 9th. Finally, ATB Cormark Capital Markets cut their target price on shares of Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd.

Strathcona Resources Trading Down 0.4%

Shares of Strathcona Resources stock opened at C$28.87 on Friday. 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 company has a fifty day simple moving average of C$28.16 and a 200-day simple moving average of C$34.96. The stock has a market cap of C$6.18 billion, a price-to-earnings ratio of 5.64, a PEG ratio of -2.02 and a beta of 2.61. Strathcona Resources has a 12-month low of C$22.75 and a 12-month high of C$45.09.

Strathcona Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, December 5th. Strathcona Resources’s dividend payout ratio is presently 21.68%.

Strathcona Resources Company Profile

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. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.