Shares of Strathcona Resources Ltd. (TSE:SCR – Get Free Report) have earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$43.43.
Several equities analysts recently commented on the stock. Roth Mkm set a C$40.00 target price on shares of Strathcona Resources and gave the company a “buy” rating in a report on Tuesday, March 10th. TD Securities raised shares of Strathcona Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. National Bank Financial increased their target price on shares of Strathcona Resources from C$41.00 to C$69.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Royal Bank Of Canada increased their target price on shares of Strathcona Resources from C$36.00 to C$49.00 and gave the company a “sector perform” rating in a report on Wednesday, April 8th. Finally, Jefferies Financial Group raised shares of Strathcona Resources from a “hold” rating to a “buy” rating and increased their price target for the company from C$45.00 to C$56.00 in a research report on Thursday, June 4th.
View Our Latest Stock Report on Strathcona Resources
Strathcona Resources Stock Performance
Strathcona Resources Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 17th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.20 annualized dividend and a yield of 2.5%. Strathcona Resources’s dividend payout ratio is presently 34.58%.
About Strathcona Resources
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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