Strathcona Resources (TSE:SCR) Downgraded to Sector Perform Rating by National Bankshares

National Bankshares lowered shares of Strathcona Resources (TSE:SCR) from an outperform rating to a sector perform rating in a report published on Tuesday,BayStreet.CA reports. The firm currently has C$38.00 price objective on the stock, down from their previous price objective of C$42.00.

Several other research analysts also recently commented on the stock. ATB Capital increased their price objective on shares of Strathcona Resources from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a report on Tuesday, June 17th. National Bank Financial raised shares of Strathcona Resources to a “strong-buy” rating in a report on Sunday, June 29th. Finally, Cibc World Mkts downgraded shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$34.71.

Strathcona Resources Trading Up 4.0%

Shares of SCR stock opened at C$36.79 on Tuesday. Strathcona Resources has a 52-week low of C$22.75 and a 52-week high of C$39.49. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53. The firm has a market capitalization of C$7.88 billion, a PE ratio of 11.05, a PEG ratio of -2.02 and a beta of 2.61. The stock has a fifty day simple moving average of C$37.03 and a two-hundred day simple moving average of C$31.87.

Strathcona Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Monday, September 22nd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.3%. Strathcona Resources’s dividend payout ratio (DPR) is 31.83%.

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.