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

Key Points

• Analysts give Strathcona a consensus rating of "Moderate Buy" from seven brokerages (3 holds, 3 buys, 1 strong buy) with an average 12‑month price target of C$39.14; notable recent moves include RBC raising its target to C$49 and National Bank to C$69 while TD upgraded to strong-buy.
• Shares opened at C$42.04, trading near a 12‑month high of C$46.18 with a market cap of C$9.01B and a P/E of 9.89; the company pays a quarterly dividend that annualizes to $1.20 (yield ~2.9%, DPR 27.29%).

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$39.14.

SCR has been the topic of several research reports. Royal Bank Of Canada raised their price objective on Strathcona Resources from C$36.00 to C$49.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 8th. Jefferies Financial Group cut their price objective on Strathcona Resources from C$29.00 to C$26.00 in a research report on Tuesday, January 20th. Roth Mkm set a C$40.00 price objective on Strathcona Resources and gave the company a "buy" rating in a research report on Tuesday, March 10th. National Bank Financial raised their price objective on Strathcona Resources from C$41.00 to C$69.00 and gave the company an "outperform" rating in a research report on Tuesday, March 31st. Finally, TD Securities raised Strathcona Resources from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 17th.

Strathcona Resources Price Performance

Shares of Strathcona Resources stock opened at C$42.04 on Friday. Strathcona Resources has a twelve month low of C$25.70 and a twelve month high of C$46.18. The stock has a market capitalization of C$9.01 billion, a P/E ratio of 9.89, a PEG ratio of -2.02 and a beta of 2.61. The company has a current ratio of 0.37, a quick ratio of 11.09 and a debt-to-equity ratio of 49.94. The business's fifty day moving average price is C$38.09 and its 200 day moving average price is C$35.37.

Strathcona Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 27th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.20 annualized dividend and a yield of 2.9%. Strathcona Resources's dividend payout ratio (DPR) is 27.29%.

Strathcona Resources Company Profile

Strathcona is one of North America's fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.

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