Strathcona Resources Ltd. (TSE:SCR) Given Average Rating of “Moderate Buy” by Analysts

Strathcona Resources Ltd. (TSE:SCR) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$34.86.

Several equities research analysts have recently weighed in on the stock. Cibc World Mkts cut shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 3rd. ATB Capital upped their price target on shares of Strathcona Resources from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a research report on Tuesday, June 17th. National Bankshares set a C$42.00 price objective on Strathcona Resources and gave the stock an “outperform” rating in a research report on Monday, June 30th. Finally, National Bank Financial raised Strathcona Resources to a “strong-buy” rating in a research note on Sunday, June 29th.

Strathcona Resources Stock Down 2.2%

Strathcona Resources stock opened at C$36.43 on Thursday. The firm has a market cap of C$7.80 billion, a price-to-earnings ratio of 10.94, a PEG ratio of -2.02 and a beta of 2.61. Strathcona Resources has a 52-week low of C$22.75 and a 52-week high of C$39.49. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53. The firm has a 50 day moving average price of C$36.41 and a two-hundred day moving average price of C$31.29.

Strathcona Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Monday, September 22nd were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.20 annualized dividend and a yield of 3.3%. Strathcona Resources’s payout ratio is 31.83%.

Insider Activity

In related news, Director Connie De Ciancio acquired 4,293 shares of Strathcona Resources stock in a transaction dated Monday, July 14th. The stock was bought at an average price of C$32.50 per share, with a total value of C$139,522.50. Insiders own 91.34% of the company’s stock.

About Strathcona Resources

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.