Strathcona Resources (TSE:SCR) Given New C$69.00 Price Target at National Bank Financial

Strathcona Resources (TSE:SCR) had its target price hoisted by National Bank Financial from C$41.00 to C$69.00 in a research report released on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also commented on SCR. Scotiabank decreased their price objective on shares of Strathcona Resources from C$40.00 to C$33.00 in a research note on Tuesday, December 30th. Royal Bank Of Canada boosted their target price on Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “sector perform” rating in a research note on Friday, March 13th. Jefferies Financial Group decreased their price target on Strathcona Resources from C$29.00 to C$26.00 in a research report on Tuesday, January 20th. TD Securities dropped their price target on Strathcona Resources from C$27.00 to C$25.00 and set a “hold” rating on the stock in a report on Friday, March 13th. Finally, Roth Mkm set a C$40.00 price objective on Strathcona Resources and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$36.75.

Strathcona Resources Stock Performance

Shares of SCR stock opened at C$42.14 on Tuesday. The company has a debt-to-equity ratio of 49.94, a current ratio of 0.37 and a quick ratio of 11.09. The firm has a 50-day moving average of C$32.08 and a 200-day moving average of C$34.83. Strathcona Resources has a one year low of C$22.75 and a one year high of C$45.09. The company has a market cap of C$9.03 billion, a P/E ratio of 9.92, a P/E/G ratio of -2.02 and a beta of 2.61.

Strathcona Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 27th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, March 20th. Strathcona Resources’s payout ratio is presently 27.29%.

About Strathcona Resources

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.