Strathcona Resources (TSE:SCR) Lowered to “Hold” Rating by Natl Bk Canada

Natl Bk Canada downgraded shares of Strathcona Resources (TSE:SCR) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on SCR. TD Securities raised their target price on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Royal Bank Of Canada boosted 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. Jefferies Financial Group upped their target price on Strathcona Resources from C$34.00 to C$38.00 in a research report on Tuesday, November 11th. National Bankshares decreased their price target on Strathcona Resources from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 22nd. Finally, Scotiabank boosted their price target on Strathcona Resources from C$34.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$36.86.

Strathcona Resources Stock Down 0.1%

TSE:SCR opened at C$42.87 on Wednesday. The company’s 50-day simple moving average is C$38.51 and its 200-day simple moving average is C$35.23. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53. Strathcona Resources has a fifty-two week low of C$22.75 and a fifty-two week high of C$44.74. The stock has a market capitalization of C$9.18 billion, a P/E ratio of 8.37, a P/E/G ratio of -2.02 and a beta of 2.61.

Strathcona Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 15th will be paid a $0.30 dividend. The ex-dividend date is Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. Strathcona Resources’s dividend payout ratio 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.