ATB Capital Cuts Strathcona Resources (TSE:SCR) Price Target to C$32.00

Strathcona Resources (TSE:SCR) had its target price lowered by ATB Capital from C$42.00 to C$32.00 in a report published on Tuesday morning,BayStreet.CA reports.

A number of other research analysts have also commented on the stock. National Bankshares reduced their price target on shares of Strathcona Resources from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 22nd. Royal Bank Of Canada upped their target price on Strathcona Resources from C$36.00 to C$40.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 16th. TD Securities boosted their price objective on Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Scotiabank raised their target price on shares of Strathcona Resources from C$34.00 to C$40.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Finally, Jefferies Financial Group increased their price target on shares of Strathcona Resources from C$34.00 to C$38.00 in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Strathcona Resources has a consensus rating of “Hold” and a consensus price target of C$35.43.

Strathcona Resources Price Performance

Shares of TSE:SCR opened at C$29.15 on Tuesday. The company has a 50 day moving average of C$39.41 and a 200 day moving average of C$36.32. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06. The stock has a market cap of C$6.24 billion, a P/E ratio of 5.69, a P/E/G ratio of -2.02 and a beta of 2.61. Strathcona Resources has a 12 month low of C$22.75 and a 12 month high of C$45.09.

Strathcona Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders 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 yield of 4.1%. The ex-dividend date was Friday, December 5th. Strathcona Resources’s dividend payout ratio (DPR) is presently 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.