Strathcona Resources (TSE:SCR) Price Target Raised to C$31.00

Strathcona Resources (TSE:SCR) had its price objective boosted by TD Securities from C$30.00 to C$31.00 in a report issued on Friday morning,BayStreet.CA reports.

Several other research analysts have also recently issued reports on SCR. Jefferies Financial Group lowered their target price on shares of Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating for the company in a report on Monday, September 16th. Royal Bank of Canada dropped their price objective on Strathcona Resources from C$37.00 to C$34.00 in a report on Tuesday, September 17th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$36.13.

Strathcona Resources Trading Down 0.9 %

TSE:SCR opened at C$32.21 on Friday. Strathcona Resources has a 12-month low of C$20.16 and a 12-month high of C$37.69. The firm has a market cap of C$6.90 billion and a PE ratio of 7.49. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29. The stock has a fifty day moving average price of C$28.01 and a 200 day moving average price of C$30.61.

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 paid a dividend of $0.25 per share. The ex-dividend date was Monday, September 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.10%. Strathcona Resources’s dividend payout ratio (DPR) is 23.26%.

Insider Activity at Strathcona Resources

In other news, Director Navjeet Dhillon bought 3,000 shares of Strathcona Resources stock in a transaction dated Friday, November 15th. The stock was bought at an average price of C$32.56 per share, for a total transaction of C$97,668.00. Also, Senior Officer Scott Seipert purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of C$30.50 per share, for a total transaction of C$152,500.00. 91.34% of the stock is currently owned by insiders.

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.