Strathcona Resources (TSE:SCR) Price Target Raised to C$36.00 at TD Securities

Strathcona Resources (TSE:SCR) had its price objective hoisted by TD Securities from C$35.00 to C$36.00 in a research note released on Friday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Other research analysts also recently issued reports about the company. National Bankshares cut their price objective on 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. Scotiabank increased their price target on Strathcona Resources from C$34.00 to C$40.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada lifted their price target on shares of Strathcona Resources from C$36.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Thursday, October 16th. One 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 data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$36.00.

Strathcona Resources Stock Up 0.6%

TSE:SCR traded up C$0.22 during trading hours on Friday, reaching C$38.72. The company’s stock had a trading volume of 123,763 shares, compared to its average volume of 68,952. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. The company has a market cap of C$8.30 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. Strathcona Resources has a one year low of C$22.75 and a one year high of C$39.49. The business’s 50-day moving average is C$36.88 and its 200-day moving average is C$33.21.

Strathcona Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Monday, September 22nd were paid a $0.30 dividend. The ex-dividend date was Friday, September 12th. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. Strathcona Resources’s dividend payout ratio (DPR) is presently 21.68%.

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.