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

Shares of Strathcona Resources Ltd. (TSE:SCR) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$32.43.

Several brokerages recently commented on SCR. TD Securities increased their target price on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Jefferies Financial Group cut their price target on shares of Strathcona Resources from C$29.00 to C$26.00 in a research report on Tuesday, January 20th. ATB Capital reduced their price objective on shares of Strathcona Resources from C$42.00 to C$32.00 in a research note on Tuesday, December 23rd. Royal Bank Of Canada decreased their price objective on Strathcona Resources from C$40.00 to C$35.00 and set a “moderate buy” rating for the company in a report on Tuesday, January 13th. Finally, Natl Bk Canada upgraded Strathcona Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th.

Strathcona Resources Stock Down 1.5%

Shares of Strathcona Resources stock opened at C$26.00 on Wednesday. The firm has a market cap of C$5.57 billion, a PE ratio of 5.08, a P/E/G ratio of -2.02 and a beta of 2.61. The business’s 50 day simple moving average is C$33.46 and its 200 day simple moving average is C$35.69. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53. Strathcona Resources has a 52-week low of C$22.75 and a 52-week high of C$45.09.

Strathcona Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.6%. Strathcona Resources’s dividend payout ratio is currently 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.