Strathcona Resources Ltd. (TSE:SCR) Receives C$35.88 Average Price Target from Brokerages

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$35.50.

SCR has been the subject of a number of research reports. TD Securities decreased their price target on shares of Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating for the company in a research note on Thursday. Royal Bank of Canada decreased their target price on shares of Strathcona Resources from C$35.00 to C$34.00 and set a "sector perform" rating for the company in a research note on Thursday. Atb Cap Markets downgraded shares of Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. ATB Capital raised their target price on shares of Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. Finally, CIBC raised their target price on shares of Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, January 17th.

Insider Activity

In other news, Senior Officer Pit Kim Chiu purchased 1,600 shares of the business's stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of C$28.05 per share, for a total transaction of C$44,887.04. Also, Senior Officer Allan Grabas purchased 8,802 shares of the business's stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of C$27.47 per share, for a total transaction of C$241,790.94. Insiders have bought a total of 20,450 shares of company stock worth $593,656 over the last 90 days. 91.34% of the stock is currently owned by insiders.

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Strathcona Resources Trading Down 3.1 %

SCR stock traded down C$0.84 during trading on Thursday, reaching C$26.55. The company had a trading volume of 56,004 shares, compared to its average volume of 50,174. Strathcona Resources has a 52 week low of C$22.75 and a 52 week high of C$37.69. The company has a market cap of C$5.68 billion and a P/E ratio of 15.31. The business has a 50 day moving average of C$28.20 and a 200 day moving average of C$28.83. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09.

Strathcona Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Monday, December 16th. Strathcona Resources's payout ratio is 57.67%.

About Strathcona Resources

Strathcona 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.