Strathcona Resources Ltd. (TSE:SCR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Strathcona Resources Ltd. (TSE:SCR) have been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$34.25.

SCR has been the subject of several research reports. Jefferies Financial Group reduced their price objective on Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Royal Bank of Canada decreased their price target on Strathcona Resources from C$37.00 to C$34.00 in a research report on Tuesday, September 17th. TD Securities cut their price objective on Strathcona Resources from C$34.00 to C$30.00 in a report on Tuesday, October 1st. Finally, Standpoint Research raised their target price on shares of Strathcona Resources from C$40.00 to C$42.00 in a report on Thursday, July 11th.

Insider Transactions at Strathcona Resources

In related news, Senior Officer Scott Seipert purchased 5,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost of C$30.50 per share, for a total transaction of C$152,500.00. In other Strathcona Resources news, Director Navjeet Dhillon acquired 3,455 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average price of C$31.75 per share, with a total value of C$109,696.25. Also, Senior Officer Scott Seipert bought 5,000 shares of Strathcona Resources stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of C$30.50 per share, with a total value of C$152,500.00. 91.34% of the stock is owned by insiders.

Strathcona Resources Stock Performance

TSE:SCR opened at C$28.16 on Friday. The company has a 50-day moving average of C$28.09 and a 200-day moving average of C$30.77. The firm has a market cap of C$6.03 billion and a price-to-earnings ratio of 6.55. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29. Strathcona Resources has a twelve month low of C$20.16 and a twelve month high of C$37.69.

Strathcona Resources (TSE:SCR) last released its earnings results on Tuesday, August 13th. The company reported C$1.43 EPS for the quarter. The business had revenue of C$992.90 million during the quarter, compared to analyst estimates of C$978.00 million. Strathcona Resources had a net margin of 11.62% and a return on equity of 12.32%. Analysts forecast that Strathcona Resources will post 2.8494405 earnings per share for the current fiscal year.

Strathcona Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.55%. Strathcona Resources’s dividend payout ratio is 23.26%.

About Strathcona Resources

Strathcona Resources Ltd. acquires, explores, develops, and produces petroleum and natural gas reserves in Canada. It operates through three segments: Cold Lake Thermal, Lloydminster Heavy Oil, and Montney. The Cold Lake Thermal segment includes three producing assets in the Cold Lake region of Northern Alberta; and Lindbergh, Orion, and Tucker.