Jefferies Financial Group Cuts Strathcona Resources (TSE:SCR) Price Target to C$29.00

Strathcona Resources (TSE:SCR) had its price target reduced by Jefferies Financial Group from C$38.00 to C$29.00 in a research report report published on Monday,BayStreet.CA reports.

Several other equities analysts also recently issued reports on SCR. National Bankshares cut their price objective on shares of Strathcona Resources from C$38.00 to C$36.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 22nd. Royal Bank Of Canada boosted their target price on shares of Strathcona Resources from C$36.00 to C$40.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 16th. Natl Bk Canada cut shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. TD Securities lifted their price objective on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Finally, Scotiabank dropped their price objective on shares of Strathcona Resources from C$40.00 to C$33.00 in a report on Tuesday, December 30th. One equities research 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$34.14.

Strathcona Resources Stock Performance

Shares of SCR stock opened at C$26.75 on Monday. Strathcona Resources has a 12-month low of C$22.75 and a 12-month high of C$45.09. The business’s fifty day simple moving average is C$38.07 and its 200-day simple moving average is C$36.18. 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 company has a market cap of C$5.73 billion, a PE ratio of 5.22, a PEG ratio of -2.02 and a beta of 2.61.

Strathcona Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, December 5th. Strathcona Resources’s dividend payout ratio (DPR) is currently 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. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.