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

Shares of Strathcona Resources Ltd. (TSE:SCR) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$33.25.

Several equities analysts have weighed in on SCR shares. Roth Mkm set a C$40.00 target price on Strathcona Resources and gave the company a “buy” rating in a research report on Tuesday, March 10th. Jefferies Financial Group reduced their price target on shares of Strathcona Resources from C$29.00 to C$26.00 in a research report on Tuesday, January 20th. Royal Bank Of Canada raised their price objective on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Friday, March 13th. National Bank Financial lifted their price objective on shares of Strathcona Resources from C$32.00 to C$41.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Finally, TD Securities cut their target price on shares of Strathcona Resources from C$27.00 to C$25.00 and set a “hold” rating on the stock in a research note on Friday, March 13th.

Strathcona Resources Trading Down 3.2%

Shares of TSE SCR opened at C$38.07 on Thursday. Strathcona Resources has a twelve month low of C$22.75 and a twelve month high of C$45.09. The company has a current ratio of 0.37, a quick ratio of 11.09 and a debt-to-equity ratio of 49.94. The stock has a fifty day simple moving average of C$30.40 and a 200-day simple moving average of C$34.73. The stock has a market capitalization of C$8.16 billion, a PE ratio of 8.96, a PEG ratio of -2.02 and a beta of 2.61.

Strathcona Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 27th will be paid a $0.30 dividend. The ex-dividend date is Friday, March 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.2%. Strathcona Resources’s payout ratio is 27.29%.

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.