Strathcona Resources Ltd. (TSE:SCR - Get Free Report) has received an average recommendation of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$36.38.
Several brokerages have recently commented on SCR. TD Securities lifted their price target on shares of Strathcona Resources from C$30.00 to C$31.00 in a research report on Friday, November 15th. Jefferies Financial Group increased their price target on Strathcona Resources from C$30.00 to C$32.00 in a research note on Monday. ATB Capital lifted their price objective on Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. Atb Cap Markets lowered Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Finally, Scotiabank boosted their target price on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th.
Get Our Latest Stock Report on Strathcona Resources
Strathcona Resources Trading Up 1.4 %
Shares of SCR stock traded up C$0.37 on Friday, reaching C$27.68. 37,227 shares of the stock were exchanged, compared to its average volume of 39,355. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09. Strathcona Resources has a one year low of C$21.35 and a one year high of C$37.69. The stock has a market cap of C$5.93 billion and a PE ratio of 6.44. The stock has a 50 day moving average price of C$29.43 and a 200 day moving average price of C$30.24.
Strathcona Resources Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Monday, December 16th. Strathcona Resources's dividend payout ratio is 23.26%.
Insider Buying and Selling
In other Strathcona Resources news, Director Navjeet Dhillon purchased 3,000 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of C$32.56 per share, with a total value of C$97,668.00. 91.34% of the stock is currently owned by company insiders.
Strathcona Resources Company Profile
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Get Free ReportStrathcona 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.
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