Strathcona Resources (TSE:SCR) Given New C$33.00 Price Target at Scotiabank

Strathcona Resources (TSE:SCR) had its price objective cut by Scotiabank from C$40.00 to C$33.00 in a report published on Wednesday morning,BayStreet.CA reports.

A number of other analysts also recently weighed in on SCR. Natl Bk Canada downgraded shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. TD Securities increased their price objective on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the company a “hold” rating in a research note on Friday, November 7th. ATB Capital dropped their target price on shares of Strathcona Resources from C$42.00 to C$32.00 in a research report on Tuesday. Royal Bank Of Canada increased their price target on shares of Strathcona Resources from C$36.00 to C$40.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 16th. Finally, National Bankshares decreased their price target on Strathcona Resources from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$35.43.

Strathcona Resources Price Performance

Shares of TSE SCR opened at C$29.15 on Wednesday. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. Strathcona Resources has a fifty-two week low of C$22.75 and a fifty-two week high of C$45.09. The business has a 50 day moving average price of C$39.54 and a two-hundred day moving average price of C$36.37. The firm has a market cap of C$6.24 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61.

Strathcona Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, December 5th. Strathcona Resources’s dividend payout ratio is currently 21.68%.

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.