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

Strathcona Resources Ltd. (TSE:SCR) has earned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$34.25.

Several research analysts have recently weighed in on SCR shares. Scotiabank upgraded shares of Strathcona Resources to a “strong-buy” rating in a report on Friday, June 14th. Royal Bank of Canada reduced their price target on shares of Strathcona Resources from C$37.00 to C$34.00 in a report on Tuesday, September 17th. Jefferies Financial Group reduced their price target on shares of Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating for the company in a report on Monday, September 16th. Standpoint Research increased their target price on shares of Strathcona Resources from C$40.00 to C$42.00 in a report on Thursday, July 11th. Finally, TD Securities reduced their target price on shares of Strathcona Resources from C$34.00 to C$30.00 in a report on Tuesday, October 1st.

Strathcona Resources Stock Down 0.1 %

Strathcona Resources stock opened at C$28.01 on Tuesday. The stock has a market capitalization of C$6.00 billion and a PE ratio of 6.51. Strathcona Resources has a twelve month low of C$20.16 and a twelve month high of C$37.69. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 50.29. The company has a 50 day moving average of C$29.49 and a 200-day moving average of C$31.27.

Strathcona Resources (TSE:SCR) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$1.43 earnings per share for the quarter. The company had revenue of C$992.90 million during the quarter, compared to analysts’ expectations of C$978.00 million. Strathcona Resources had a net margin of 11.62% and a return on equity of 12.32%. On average, equities research analysts anticipate that Strathcona Resources will post 2.8494405 EPS for the current fiscal year.

Strathcona Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.57%. The ex-dividend date was Monday, September 16th. Strathcona Resources’s payout ratio is 23.26%.

Insider Buying and Selling at Strathcona Resources

In other news, Director Navjeet Dhillon purchased 3,455 shares of the business’s stock in a transaction on Monday, August 19th. The stock was purchased at an average price of C$31.75 per share, for a total transaction of C$109,696.25. In related news, Senior Officer Scott Seipert acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average cost of C$30.50 per share, with a total value of C$152,500.00. Also, Director Navjeet Dhillon acquired 3,455 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was bought at an average cost of C$31.75 per share, for a total transaction of C$109,696.25. Corporate insiders own 91.34% of the company’s stock.

Strathcona Resources Company Profile

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.