TD Securities Raises Strathcona Resources (TSE:SCR) Price Target to C$31.00

Strathcona Resources (TSE:SCR) had its price target lifted by TD Securities from C$30.00 to C$31.00 in a research note released on Friday,BayStreet.CA reports.

Several other equities analysts have also recently commented on SCR. Royal Bank of Canada reduced their price objective on shares of Strathcona Resources from C$37.00 to C$34.00 in a research note on Tuesday, September 17th. Jefferies Financial Group reduced their price target on shares of Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$36.13.

Strathcona Resources Stock Performance

Shares of SCR opened at C$32.39 on Friday. The company has a debt-to-equity ratio of 50.29, a quick ratio of 11.09 and a current ratio of 0.53. The stock has a market capitalization of C$6.94 billion and a price-to-earnings ratio of 7.49. Strathcona Resources has a 52-week low of C$20.16 and a 52-week high of C$37.69. The stock’s 50-day simple moving average is C$28.01 and its 200 day simple moving average is C$30.61.

Strathcona Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.09%. Strathcona Resources’s dividend payout ratio is presently 23.26%.

Insider Transactions at Strathcona Resources

In other Strathcona Resources news, Director Navjeet Dhillon purchased 3,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were purchased at an average cost of C$32.56 per share, with a total value of C$97,668.00. Also, Senior Officer Scott Seipert acquired 5,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average price of C$30.50 per share, with a total value of C$152,500.00. Insiders own 91.34% of the company’s stock.

Strathcona Resources Company Profile

Strathcona Resources Ltd. acquires, explores, develops, and produces petroleum and natural gas reserves in Canada. It operates through three segments: Cold Lake Thermal, Lloydminster Heavy Oil, and Montney. The Cold Lake Thermal segment includes three producing assets in the Cold Lake region of Northern Alberta; and Lindbergh, Orion, and Tucker.