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

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are currently covering the company, Marketbeat 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is C$34.86.

A number of research firms have recently commented on SCR. ATB Capital raised their price objective 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. National Bankshares set a C$42.00 price target on shares of Strathcona Resources and gave the company an "outperform" rating in a report on Monday, June 30th. CIBC reduced their price target on shares of Strathcona Resources from C$37.00 to C$33.00 in a research report on Thursday, April 10th. Scotiabank raised shares of Strathcona Resources to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, National Bank Financial raised shares of Strathcona Resources to a "strong-buy" rating in a research note on Sunday, June 29th.

Insider Buying and Selling at Strathcona Resources

In related news, Senior Officer Pit Kim Chiu bought 1,665 shares of Strathcona Resources stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average cost of C$30.00 per share, with a total value of C$49,950.00. Company insiders own 91.34% of the company's stock.

Strathcona Resources Trading Up 7.8%

SCR stock opened at C$32.84 on Friday. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. The company has a market cap of C$7.03 billion and a price-to-earnings ratio of 18.94. The business has a fifty day simple moving average of C$29.54 and a 200-day simple moving average of C$28.25. Strathcona Resources has a 52 week low of C$22.75 and a 52 week high of C$33.57.

Strathcona Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 23rd were issued a $0.30 dividend. This is a positive change from Strathcona Resources's previous quarterly dividend of $0.26. The ex-dividend date was Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.65%. Strathcona Resources's dividend payout ratio is 57.67%.

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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