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

Shares of Strathcona Resources Ltd. (TSE:SCR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$34.86.

Several equities research analysts have commented on SCR shares. National Bank Financial upgraded Strathcona Resources to a "strong-buy" rating in a research note on Sunday, June 29th. Scotiabank upgraded Strathcona Resources to a "strong-buy" rating in a research note on Wednesday, March 19th. CIBC decreased their price target on Strathcona Resources from C$37.00 to C$33.00 in a research note on Thursday, April 10th. Cibc World Mkts cut Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Finally, Royal Bank Of Canada increased their target price on Strathcona Resources from C$34.00 to C$36.00 in a report on Thursday, May 22nd.

Insider Activity at Strathcona Resources

In other Strathcona Resources news, Senior Officer Pit Kim Chiu bought 1,665 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average price of C$30.00 per share, with a total value of C$49,950.00. Also, Director Connie De Ciancio acquired 4,293 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were purchased at an average price of C$32.50 per share, with a total value of C$139,522.50. Insiders have bought 6,783 shares of company stock valued at $214,404 over the last ninety days. Corporate insiders own 91.34% of the company's stock.

Strathcona Resources Stock Performance

Shares of SCR stock traded down C$0.98 on Friday, hitting C$32.52. The company had a trading volume of 99,273 shares, compared to its average volume of 52,638. The firm has a market cap of C$6.96 billion and a P/E ratio of 18.76. The company has a 50-day moving average price of C$29.71 and a 200-day moving average price of C$28.26. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. Strathcona Resources has a twelve month low of C$22.75 and a twelve month high of C$33.57.

Strathcona Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 23rd were paid a dividend of $0.30 per share. The ex-dividend date was Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.69%. This is a boost from Strathcona Resources's previous quarterly dividend of $0.26. Strathcona Resources's dividend payout ratio is presently 57.67%.

About Strathcona Resources

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.