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

Key Points

• Strathcona Resources Ltd. has received a consensus rating of "Moderate Buy" from nine research firms, with an average 12-month price objective of C$34.86.
• The company has announced a quarterly dividend of $0.30, reflecting an annualized yield of 3.1% and a payout ratio of 31.83%.
• Strathcona reported shares down 0.6% at C$38.18, with insiders owning 91.34% of the company's stock after purchasing a total of 6,783 shares worth $214,404 in recent months.

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the nine research firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$34.86.

A number of analysts have issued reports on SCR shares. National Bank Financial raised Strathcona Resources to a "strong-buy" rating in a report on Sunday, June 29th. ATB Capital lifted 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. 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. Royal Bank Of Canada lifted their price target on Strathcona Resources from C$34.00 to C$36.00 in a report on Thursday, May 22nd. Finally, Cibc World Mkts downgraded Strathcona Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd.

Strathcona Resources Stock Down 0.6%

Shares of TSE SCR opened at C$38.18 on Friday. The company has a market capitalization of C$8.18 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. The business has a 50-day moving average of C$33.76 and a two-hundred day moving average of C$29.70. Strathcona Resources has a 1 year low of C$22.75 and a 1 year high of C$39.30.

Strathcona Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. Strathcona Resources's payout ratio is currently 31.83%.

Insider Activity

In other 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. Also, Director Connie De Ciancio bought 4,293 shares of Strathcona Resources stock in a transaction dated Monday, July 14th. The stock was purchased at an average cost of C$32.50 per share, with a total value of C$139,522.50. Insiders bought a total of 6,783 shares of company stock valued at $214,404 over the last three months. Company insiders own 91.34% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.