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

Key Points

• Strathcona Resources Ltd. has received a consensus recommendation of “Hold” from eight analysts, with an average 12-month price target of C$36.14.
• Recent upgrades and downgrades by various analysts include Scotiabank raising its price target from C$34.00 to C$40.00 while CIBC cut its rating from “strong buy” to “hold.”
• The company declared a quarterly dividend of $0.30 per share, equating to an annualized dividend yield of 3.3%.

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight analysts that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$36.14.

Several equities research analysts have recently weighed in on the company. Scotiabank upped their price target on Strathcona Resources from C$34.00 to C$40.00 and gave the company an "outperform" rating in a research report on Tuesday, October 14th. Cibc World Mkts cut Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. TD Securities upped their price target on Strathcona Resources from C$27.00 to C$35.00 and gave the company a "hold" rating in a research report on Thursday. Royal Bank Of Canada boosted their price objective on Strathcona Resources from C$36.00 to C$40.00 and gave the stock a "sector perform" rating in a report on Thursday. Finally, National Bank Financial upgraded shares of Strathcona Resources to a "strong-buy" rating in a research report on Sunday, June 29th.

Strathcona Resources Trading Up 0.4%

Shares of Strathcona Resources stock opened at C$35.91 on Monday. The stock's 50-day simple moving average is C$37.15 and its 200 day simple moving average is C$32.06. Strathcona Resources has a 52-week low of C$22.75 and a 52-week high of C$39.49. The stock has a market capitalization of C$7.69 billion, a P/E ratio of 10.78, a P/E/G ratio of -2.02 and a beta of 2.61. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53.

Strathcona Resources Dividend Announcement

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

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.

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