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

Strathcona Resources Ltd. (TSE:SCR) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$43.43.

Several research firms have commented on SCR. Jefferies Financial Group raised shares of Strathcona Resources from a “hold” rating to a “buy” rating and increased their price objective for the company from C$45.00 to C$56.00 in a report on Thursday, June 4th. TD Securities upgraded shares of Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Roth Mkm set a C$40.00 price target on Strathcona Resources and gave the stock a “buy” rating in a report on Tuesday, March 10th. Royal Bank Of Canada raised their price target on shares of Strathcona Resources from C$36.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. Finally, National Bank Financial lifted their target price on Strathcona Resources from C$41.00 to C$69.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st.

Strathcona Resources Stock Performance

SCR stock opened at C$37.67 on Friday. The company has a debt-to-equity ratio of 50.35, a current ratio of 0.39 and a quick ratio of 11.09. The business has a 50 day simple moving average of C$43.11 and a two-hundred day simple moving average of C$36.47. Strathcona Resources has a 1-year low of C$25.79 and a 1-year high of C$51.70. The company has a market capitalization of C$8.07 billion, a price-to-earnings ratio of 10.86, a PEG ratio of -2.02 and a beta of 2.61.

Strathcona Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 17th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $1.20 dividend on an annualized basis and a yield of 3.2%. Strathcona Resources’s payout ratio is 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.