Strathcona Resources Ltd. (TSE:SCR) Receives C$36.38 Consensus Target Price from Analysts

Strathcona Resources Ltd. (TSE:SCR) has been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$36.25.

A number of research firms recently commented on SCR. TD Securities boosted their price objective on shares of Strathcona Resources from C$30.00 to C$31.00 in a report on Friday, November 15th. Jefferies Financial Group lifted their price target on shares of Strathcona Resources from C$30.00 to C$32.00 in a research report on Monday, December 16th. Atb Cap Markets cut Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Scotiabank raised their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. Finally, Royal Bank of Canada decreased their target price on Strathcona Resources from C$36.00 to C$35.00 in a research report on Tuesday.

Insiders Place Their Bets

In other Strathcona Resources news, Director Navjeet Dhillon purchased 3,000 shares of Strathcona Resources stock in a transaction on Friday, November 15th. The shares were bought at an average price of C$32.56 per share, with a total value of C$97,668.00. Also, Senior Officer Dale George Babiak bought 6,410 shares of Strathcona Resources stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average price of C$31.50 per share, for a total transaction of C$201,915.00. Over the last 90 days, insiders purchased 14,648 shares of company stock valued at $449,533. Corporate insiders own 91.34% of the company’s stock.

Strathcona Resources Price Performance

Strathcona Resources stock opened at C$29.35 on Tuesday. The company has a debt-to-equity ratio of 50.29, a quick ratio of 11.09 and a current ratio of 0.53. Strathcona Resources has a one year low of C$22.45 and a one year high of C$37.69. The company has a market cap of C$6.29 billion and a P/E ratio of 6.83. The business has a fifty day moving average of C$30.45 and a two-hundred day moving average of C$29.93.

Strathcona Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Monday, December 16th. Strathcona Resources’s payout ratio is currently 23.26%.

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.