Strathcona Resources (TSE:SCR) Reaches New 12-Month High - Still a Buy?

Key Points

• Strathcona Resources hit a new 52-week high, trading as high as C$44.16 and last at C$43.52 on volume of 433,886 shares (previous close C$42.17).
• Analysts are mixed—three Buy and four Hold—producing a MarketBeat consensus of "Hold" with an average price target of C$33.25, well below the current share price.
• The company has a market cap of C$9.25 billion and a P/E of 10.16, and it recently paid a quarterly dividend of C$0.30 (annualized yield 2.8% and payout ratio 27.29%).

Strathcona Resources Ltd. (TSE:SCR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$44.16 and last traded at C$43.52, with a volume of 433886 shares changing hands. The stock had previously closed at C$42.17.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the stock a "sector perform" rating in a research note on Friday, March 13th. Roth Mkm set a C$40.00 target price on shares of Strathcona Resources and gave the company a "buy" rating in a research note on Tuesday, March 10th. National Bank Financial increased their price target on shares of Strathcona Resources from C$32.00 to C$41.00 and gave the stock an "outperform" rating in a report on Friday, March 13th. Jefferies Financial Group dropped their price target on shares of Strathcona Resources from C$29.00 to C$26.00 in a research report on Tuesday, January 20th. Finally, ATB Cormark Capital Markets cut their price objective on shares of Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$33.25.

Strathcona Resources Stock Performance

The company has a market capitalization of C$9.25 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The firm has a fifty day simple moving average of C$31.43 and a 200 day simple moving average of C$34.76. The company has a debt-to-equity ratio of 49.94, a current ratio of 0.37 and a quick ratio of 11.09.

Strathcona Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 27th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, March 20th. Strathcona Resources's payout ratio is presently 27.29%.

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. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.

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