Brokerages Set Strathcona Resources Ltd. (TSE:SCR) Price Target at C$36.38

Strathcona Resources Ltd. (TSE:SCR) has been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$36.38.

Several equities analysts have recently issued reports on SCR shares. Royal Bank of Canada boosted their price target on shares of Strathcona Resources from C$34.00 to C$36.00 in a report on Friday, November 15th. TD Securities boosted their target price on shares of Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. ATB Capital raised their price target on shares of Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. Scotiabank boosted their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. Finally, Jefferies Financial Group increased their price objective on Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th.

Strathcona Resources Price Performance

Shares of SCR opened at C$27.68 on Friday. Strathcona Resources has a 12 month low of C$21.35 and a 12 month high of C$37.69. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09. The stock has a fifty day moving average price of C$29.41 and a 200 day moving average price of C$30.17. The company has a market cap of C$5.93 billion and a P/E ratio of 6.44.

Strathcona Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Monday, December 16th. Strathcona Resources’s dividend payout ratio (DPR) is presently 23.26%.

Insider Buying and Selling

In other Strathcona Resources news, Senior Officer Pit Kim Chiu bought 1,600 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of C$28.05 per share, for a total transaction of C$44,887.04. Also, Director Navjeet Dhillon bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of C$32.56 per share, with a total value of C$97,668.00. 91.34% of the stock is owned by corporate insiders.

Strathcona Resources Company Profile

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.