Strathcona Resources (TSE:SCR) Price Target Lowered to C$33.00 at Scotiabank

Strathcona Resources (TSE:SCR) had its price objective trimmed by Scotiabank from C$40.00 to C$33.00 in a research note released on Tuesday morning,BayStreet.CA reports.

Several other research analysts have also recently weighed in on SCR. TD Securities lifted their price target on Strathcona Resources from C$35.00 to C$36.00 and gave the company a “hold” rating in a research report on Friday, November 7th. ATB Capital cut their target price on shares of Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. Jefferies Financial Group boosted their target price on shares of Strathcona Resources from C$34.00 to C$38.00 in a research note on Tuesday, November 11th. Royal Bank Of Canada lifted their price objective on shares of Strathcona Resources from C$36.00 to C$40.00 and gave the company a “sector perform” rating in a report on Thursday, October 16th. Finally, National Bankshares lowered their target price on shares of Strathcona Resources from C$38.00 to C$36.00 and set a “sector perform” rating on the stock 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 company. According to MarketBeat.com, Strathcona Resources presently has a consensus rating of “Hold” and a consensus target price of C$35.43.

Strathcona Resources Price Performance

Shares of SCR stock opened at C$29.03 on Tuesday. Strathcona Resources has a fifty-two week low of C$22.75 and a fifty-two week high of C$45.09. 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$6.22 billion, a price-to-earnings ratio of 5.67, a PEG ratio of -2.02 and a beta of 2.61. The stock’s 50-day simple moving average is C$39.01 and its 200-day simple moving average is C$36.35.

Strathcona Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a 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.