Strathcona Resources Ltd. (TSE:SCR) Receives C$35.50 Average PT from Brokerages

Shares of Strathcona Resources Ltd. (TSE:SCR) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$34.25.

SCR has been the subject of a number of recent analyst reports. Standpoint Research upped their target price on Strathcona Resources from C$40.00 to C$42.00 in a report on Thursday, July 11th. Scotiabank upgraded shares of Strathcona Resources to a “strong-buy” rating in a report on Friday, June 14th. 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 on the stock in a research note on Monday. Finally, Royal Bank of Canada decreased their price target on shares of Strathcona Resources from C$37.00 to C$34.00 in a research note on Tuesday.

Strathcona Resources Price Performance

Shares of Strathcona Resources stock opened at C$27.90 on Friday. The company has a debt-to-equity ratio of 50.29, a quick ratio of 11.09 and a current ratio of 0.53. Strathcona Resources has a 52-week low of C$20.16 and a 52-week high of C$37.69. The company has a fifty day moving average of C$30.54 and a 200-day moving average of C$31.20. The stock has a market capitalization of C$5.98 billion and a price-to-earnings ratio of 6.49.

Strathcona Resources (TSE:SCR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$1.43 earnings per share for the quarter. Strathcona Resources had a return on equity of 12.32% and a net margin of 11.62%. The firm had revenue of C$992.90 million during the quarter, compared to the consensus estimate of C$978.00 million. Equities research analysts expect that Strathcona Resources will post 4.0757143 EPS for the current year.

Strathcona Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.58%. Strathcona Resources’s payout ratio is currently 23.26%.

Insider Activity at Strathcona Resources

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