Strathcona Resources (TSE:SCR) Sets New 12-Month High - Here's What Happened

Key Points

• New 52-week high: Strathcona Resources reached C$44.24 intraday and was last trading around C$44.20, which is notably above the MarketBeat consensus price target of C$39.14.
• Analyst moves: Several firms raised targets and ratings — National Bank Financial to C$69 (outperform), RBC to C$49 (sector perform) and TD upgraded the stock to a strong‑buy — leaving a consensus rating of "Moderate Buy."
• Dividend and valuation: The company paid a C$0.30 quarterly dividend (C$1.20 annualized, ~2.7% yield) and has a market cap of C$9.57 billion with a P/E of 10.52.

Strathcona Resources Ltd. (TSE:SCR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$44.24 and last traded at C$44.20, with a volume of 258802 shares changing hands. The stock had previously closed at C$42.68.

Analysts Set New Price Targets

Several analysts have recently issued reports on SCR shares. Royal Bank Of Canada upped 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. National Bank Financial upped 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. TD Securities upgraded Strathcona Resources from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 17th. Roth Mkm set a C$40.00 target price on Strathcona Resources and gave the stock a "buy" rating in a research report on Tuesday, March 10th. Finally, Jefferies Financial Group reduced their target price on Strathcona Resources from C$29.00 to C$26.00 in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Strathcona Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of C$39.14.

Strathcona Resources Price Performance

The company has a market capitalization of C$9.57 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The company has a quick ratio of 11.09, a current ratio of 0.37 and a debt-to-equity ratio of 49.94. The company has a 50 day simple moving average of C$37.22 and a 200 day simple moving average of C$35.22.

Strathcona Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 27th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, March 20th. This represents a $1.20 annualized dividend and a yield of 2.7%. Strathcona Resources's dividend payout ratio is currently 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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