Brokerages Set Strathcona Resources Ltd. (TSE:SCR) PT at C$34.25

Shares of Strathcona Resources Ltd. (TSE:SCR - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$34.25.

Several research firms have recently weighed in on SCR. Jefferies Financial Group lowered their price objective on Strathcona Resources from C$35.00 to C$30.00 and set a "hold" rating for the company in a research report on Monday, September 16th. TD Securities reduced their target price on shares of Strathcona Resources from C$34.00 to C$30.00 in a research note on Tuesday, October 1st. Scotiabank upgraded Strathcona Resources to a "strong-buy" rating in a report on Friday, June 14th. Standpoint Research boosted their target price on Strathcona Resources from C$40.00 to C$42.00 in a research note on Thursday, July 11th. Finally, Royal Bank of Canada cut their target price on Strathcona Resources from C$37.00 to C$34.00 in a research note on Tuesday, September 17th.

Insider Transactions at Strathcona Resources

In other news, Senior Officer Scott Seipert bought 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost of C$30.50 per share, with a total value of C$152,500.00. In other news, Senior Officer Scott Seipert purchased 5,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average cost of C$30.50 per share, with a total value of C$152,500.00. Also, Director Navjeet Dhillon acquired 3,455 shares of the business's stock in a transaction on Monday, August 19th. The stock was acquired at an average price of C$31.75 per share, with a total value of C$109,696.25. Corporate insiders own 91.34% of the company's stock.

Strathcona Resources Price Performance

The stock's 50-day moving average price is C$29.43 and its 200 day moving average price is C$31.28. The company has a market capitalization of C$5.94 billion and a PE ratio of 6.44. Strathcona Resources has a 1-year low of C$20.16 and a 1-year high of C$37.69. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29.

Strathcona Resources (TSE:SCR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$1.43 earnings per share (EPS) for the quarter. The business had revenue of C$992.90 million for the quarter, compared to analysts' expectations of C$978.00 million. Strathcona Resources had a net margin of 11.62% and a return on equity of 12.32%. Equities research analysts expect that Strathcona Resources will post 2.8494405 earnings per share for the current year.

Strathcona Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Monday, September 16th. Strathcona Resources's payout ratio is presently 23.26%.

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.