Brokerages Set Strathcona Resources Ltd. (TSE:SCR) Target Price at C$36.38

Shares of Strathcona Resources Ltd. (TSE:SCR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six research firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$36.38.

A number of research firms recently commented on SCR. Atb Cap Markets downgraded shares of Strathcona Resources from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. TD Securities lifted their target price on Strathcona Resources from C$30.00 to C$31.00 in a report on Friday, November 15th. ATB Capital upped their target price on Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Jefferies Financial Group raised their price target on shares of Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. Finally, Royal Bank of Canada upped their price objective on shares of Strathcona Resources from C$34.00 to C$36.00 in a research note on Friday, November 15th.

Strathcona Resources Stock Performance

Shares of SCR stock traded down C$0.30 during trading hours on Tuesday, reaching C$30.86. The stock had a trading volume of 32,951 shares, compared to its average volume of 28,940. Strathcona Resources has a twelve month low of C$22.45 and a twelve month high of C$37.69. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09. The firm has a market capitalization of C$6.61 billion and a PE ratio of 7.18. The firm has a 50-day simple moving average of C$30.37 and a 200-day simple moving average of C$29.97.

Strathcona Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.24%. The ex-dividend date was Monday, December 16th. Strathcona Resources's payout ratio is presently 23.26%.

Insiders Place Their Bets

In related news, Senior Officer Pit Kim Chiu bought 1,600 shares of the company's stock in a transaction on Friday, December 20th. The shares were purchased at an average cost of C$28.05 per share, for a total transaction of C$44,887.04. Also, Director Connie De Ciancio acquired 3,358 shares of the stock in a transaction dated Tuesday, December 24th. The shares were bought at an average cost of C$28.77 per share, with a total value of C$96,609.66. In the last three months, insiders bought 14,368 shares of company stock valued at $441,080. 91.34% of the stock is currently owned by insiders.

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.