Strathcona Resources (TSE:SCR) Sets New 1-Year High - What's Next?

Key Points

• Strathcona Resources (TSE:SCR) reached a new 52-week high with shares trading at C$39.16, currently at C$37.77, indicating increased investor interest.
• The company recently announced a quarterly dividend of $0.30 per share, reflecting a yield of 3.2% and an annualized dividend of $1.20.
• Analysts have mixed ratings on the stock, with Royal Bank of Canada increasing the price target to C$36.00 and National Bank setting a target of C$42.00, recommending an "outperform" rating.

Strathcona Resources Ltd. (TSE:SCR - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as C$39.16 and last traded at C$37.77, with a volume of 44360 shares trading hands. The stock had previously closed at C$38.92.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Strathcona Resources from C$34.00 to C$36.00 in a research report on Thursday, May 22nd. National Bank Financial upgraded shares of Strathcona Resources to a "strong-buy" rating in a research note on Sunday, June 29th. Cibc World Mkts cut shares of Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. National Bankshares set a C$42.00 price target on shares of Strathcona Resources and gave the stock an "outperform" rating in a research report on Monday, June 30th. Finally, ATB Capital raised their target price on shares of Strathcona Resources from C$32.00 to C$35.00 and gave the company a "sector perform" rating in a report on Tuesday, June 17th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Strathcona Resources presently has a consensus rating of "Moderate Buy" and an average target price of C$34.86.

Strathcona Resources Stock Down 0.6%

The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06. The stock's 50-day moving average is C$33.76 and its 200-day moving average is C$29.70. The company has a market cap of C$8.18 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of -2.02 and a beta of 2.61.

Strathcona Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 12th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.1%. Strathcona Resources's dividend payout ratio (DPR) is presently 31.83%.

Insider Buying and Selling

In other news, Director Connie De Ciancio acquired 4,293 shares of Strathcona Resources stock in a transaction on Monday, July 14th. The stock was purchased at an average price of C$32.50 per share, with a total value of C$139,522.50. Also, Senior Officer Pit Kim Chiu acquired 1,665 shares of the stock in a transaction on Wednesday, June 11th. The shares were acquired at an average price of C$30.00 per share, for a total transaction of C$49,950.00. Insiders acquired 6,783 shares of company stock valued at $214,404 in the last three months. 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.