Strathcona Resources Ltd. (TSE:SCR) Receives Consensus Rating of "Hold" from Analysts

Shares of Strathcona Resources Ltd. (TSE:SCR - Get Free Report) have been given a consensus rating of "Hold" by the five analysts that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$35.29.

Several research firms recently issued reports on SCR. Scotiabank raised Strathcona Resources to a "strong-buy" rating in a research note on Wednesday, March 19th. ATB Capital increased their price objective on Strathcona Resources from C$32.00 to C$35.00 and gave the company a "sector perform" rating in a report on Tuesday. TD Securities lowered their target price on shares of Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating for the company in a report on Thursday, March 6th. Royal Bank of Canada increased their target price on shares of Strathcona Resources from C$34.00 to C$36.00 in a research report on Thursday, May 22nd. Finally, 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.

Insider Buying and Selling

In other Strathcona Resources news, Senior Officer Pit Kim Chiu purchased 1,665 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were purchased at an average price of C$30.00 per share, for a total transaction of C$49,950.00. Corporate insiders own 91.34% of the company's stock.

Strathcona Resources Price Performance

SCR stock traded down C$0.06 during mid-day trading on Tuesday, reaching C$31.19. 86,815 shares of the company's stock were exchanged, compared to its average volume of 49,205. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. Strathcona Resources has a 12-month low of C$22.75 and a 12-month high of C$33.93. The stock's 50 day moving average is C$27.56 and its 200 day moving average is C$28.08. The company has a market cap of C$6.67 billion and a price-to-earnings ratio of 17.99.

Strathcona Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 23rd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.85%. This is a positive change from Strathcona Resources's previous quarterly dividend of $0.26. The ex-dividend date is Friday, June 13th. Strathcona Resources's dividend payout ratio (DPR) is presently 57.67%.

Strathcona Resources Company Profile

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.

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