Strathcona Resources Ltd. (TSE:SCR) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Strathcona Resources Ltd. (TSE:SCR - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$34.25.

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

Strathcona Resources Stock Performance

TSE SCR traded down C$0.30 on Friday, hitting C$27.22. 20,269 shares of the company's stock traded hands, compared to its average volume of 40,162. The firm's 50-day moving average price is C$28.31 and its two-hundred day moving average price is C$30.86. The firm has a market capitalization of C$5.83 billion and a PE ratio of 6.33. 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 has a 1-year low of C$20.16 and a 1-year high of C$37.69.

Strathcona Resources (TSE:SCR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$1.43 EPS for the quarter. The company had revenue of C$992.90 million for the quarter, compared to analyst estimates of C$978.00 million. Strathcona Resources had a net margin of 11.62% and a return on equity of 12.32%. As a group, analysts expect that Strathcona Resources will post 2.8494405 EPS for the current year.

Strathcona Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.67%. The ex-dividend date was Monday, September 16th. Strathcona Resources's payout ratio is 23.26%.

Insider Activity

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

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.