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

Key Points

• Strathcona Resources Ltd. has received a consensus rating of “Moderate Buy” from eight ratings firms, with an average twelve-month price target of C$34.86.
• The company recently declared a quarterly dividend of $0.30, resulting in an annualized yield of 3.3%.
• Director Connie De Ciancio purchased 4,293 shares at a price of C$32.50, reflecting strong insider confidence, as insiders own 91.34% of the stock.

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$34.86.

A number of analysts have weighed in on the company. National Bank Financial upgraded Strathcona Resources to a "strong-buy" rating in a report on Sunday, June 29th. Cibc World Mkts downgraded Strathcona Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. National Bankshares set a C$42.00 price target on Strathcona Resources and gave the stock an "outperform" rating in a report on Monday, June 30th. Finally, ATB Capital increased their price target on Strathcona Resources from C$32.00 to C$35.00 and gave the stock a "sector perform" rating in a report on Tuesday, June 17th.

Insiders Place Their Bets

In other Strathcona Resources news, Director Connie De Ciancio purchased 4,293 shares of the company's stock in a transaction that occurred on Monday, July 14th. The shares were acquired at an average price of C$32.50 per share, with a total value of C$139,522.50. Insiders own 91.34% of the company's stock.

Strathcona Resources Stock Performance

Shares of Strathcona Resources stock opened at C$36.88 on Thursday. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06. The business has a 50-day moving average price of C$36.15 and a two-hundred day moving average price of C$31.03. Strathcona Resources has a 1-year low of C$22.75 and a 1-year high of C$39.49. The company has a market cap of C$7.90 billion, a P/E ratio of 11.08, a PEG ratio of -2.02 and a beta of 2.61.

Strathcona Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Monday, September 22nd were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.20 annualized dividend and a yield of 3.3%. Strathcona Resources's dividend payout ratio (DPR) is presently 31.83%.

Strathcona Resources Company Profile

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan.

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