Strathcona Resources (TSE:SCR) Given New C$26.00 Price Target at Jefferies Financial Group

Strathcona Resources (TSE:SCR) had its target price reduced by Jefferies Financial Group from C$29.00 to C$26.00 in a report released on Tuesday,BayStreet.CA reports.

Several other equities analysts have also weighed in on SCR. ATB Capital decreased their target price on shares of Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. Scotiabank reduced their price target on shares of Strathcona Resources from C$40.00 to C$33.00 in a research report on Tuesday, December 30th. Natl Bk Canada upgraded Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. TD Securities lifted their target price 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. Finally, National Bankshares raised Strathcona Resources from a “sector perform” rating to an “outperform” rating and decreased their price target for the company from C$36.00 to C$32.00 in a research note on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$32.43.

Strathcona Resources Stock Down 2.6%

Shares of TSE:SCR opened at C$26.01 on Tuesday. Strathcona Resources has a 52-week low of C$22.75 and a 52-week high of C$45.09. The stock has a market cap of C$5.57 billion, a P/E ratio of 5.08, a PEG ratio of -2.02 and a beta of 2.61. The business has a fifty day moving average of C$35.95 and a two-hundred day moving average of C$35.98. 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 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 issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Friday, December 5th. Strathcona Resources’s 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.