Strathcona Resources Ltd. (TSE:SCR) Receives C$39.14 Average PT from Brokerages

Shares of Strathcona Resources Ltd. (TSE:SCR) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$39.14.

A number of brokerages have recently issued reports on SCR. TD Securities raised Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Jefferies Financial Group cut their target price on Strathcona Resources from C$29.00 to C$26.00 in a research report on Tuesday, January 20th. Roth Mkm set a C$40.00 target price on Strathcona Resources and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Royal Bank Of Canada boosted their target price on Strathcona Resources from C$36.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 8th. Finally, National Bank Financial boosted their target price on Strathcona Resources from C$41.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st.

Strathcona Resources Stock Up 2.8%

Shares of Strathcona Resources stock opened at C$45.35 on Friday. The stock’s fifty day moving average is C$39.49 and its 200-day moving average is C$35.67. The firm has a market capitalization of C$9.72 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. 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 has a 12-month low of C$25.79 and a 12-month high of C$46.18.

Strathcona Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 27th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, March 20th. Strathcona Resources’s dividend payout ratio is currently 34.58%.

About Strathcona Resources

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.