Strathcona Resources (TSE:SCR) Price Target Raised to C$69.00
by Michael Walen · The Markets DailyStrathcona Resources (TSE:SCR – Free Report) had its target price hoisted by National Bank Financial from C$41.00 to C$69.00 in a report issued on Tuesday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.
Several other analysts have also weighed in on the company. Royal Bank Of Canada boosted their price objective on Strathcona Resources from C$35.00 to C$36.00 and gave the company a “sector perform” rating in a report on Friday, March 13th. Scotiabank dropped their target price on Strathcona Resources from C$40.00 to C$33.00 in a research report on Tuesday, December 30th. Roth Mkm set a C$40.00 price objective on shares of Strathcona Resources and gave the stock a “buy” rating in a report on Tuesday, March 10th. ATB Cormark Capital Markets reduced their price target on Strathcona Resources from C$42.00 to C$32.00 in a research report on Tuesday, December 23rd. Finally, Jefferies Financial Group lowered their target price on shares of Strathcona Resources from C$29.00 to C$26.00 in a research note on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$36.75.
Get Our Latest Stock Report on SCR
Strathcona Resources Stock Up 4.3%
Shares of Strathcona Resources stock opened at C$42.08 on Tuesday. The stock has a market cap of C$9.02 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. The company has a current ratio of 0.37, a quick ratio of 11.09 and a debt-to-equity ratio of 49.94. Strathcona Resources has a twelve month low of C$22.75 and a twelve month high of C$45.09. The company has a fifty day moving average price of C$32.68 and a 200 day moving average price of C$34.92.
Strathcona Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 27th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, March 20th. Strathcona Resources’s payout ratio is presently 27.29%.
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. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.