Strathcona Resources (TSE:SCR) Stock Gets Price Target Cut from National Bank Financial

Strathcona Resources (TSE:SCR) had its target price decreased by National Bank Financial from C$62.00 to C$59.00 in a research report report published on Tuesday morning,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

Separately, ATB Cormark Capital Markets increased their price objective on Strathcona Resources from C$46.00 to C$50.00 and gave the company a “sector perform” rating in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$44.57.

Strathcona Resources Price Performance

SCR stock opened at C$37.67 on Tuesday. The stock has a 50-day moving average price of C$41.03 and a two-hundred day moving average price of C$39.60. Strathcona Resources has a 1 year low of C$25.79 and a 1 year high of C$51.70. The stock has a market cap of C$8.05 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of -2.02 and a beta of -0.10. The company has a current ratio of 0.48, a quick ratio of 11.09 and a debt-to-equity ratio of 37.84.

Strathcona Resources (TSE:SCR) last released its earnings results on Monday, November 9th. The company reported C$1.39 EPS for the quarter. Strathcona Resources had a return on equity of 12.64% and a net margin of 11.61%. The firm had revenue of C$1.26 billion for the quarter. Equities analysts forecast that Strathcona Resources will post 2.85 EPS for the current fiscal year.

Strathcona Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Monday, September 21st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, September 11th. Strathcona Resources’s payout ratio is 44.94%.

About Strathcona Resources

Strathcona is one of North America’s fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.