National Bank Financial Cuts Strathcona Resources (TSE:SCR) Price Target to C$63.00

Strathcona Resources (TSE:SCR) had its price target reduced by National Bank Financial from C$67.00 to C$63.00 in a report issued on Wednesday morning,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

Separately, Jefferies Financial Group raised Strathcona Resources from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$45.00 to C$56.00 in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$42.57.

Strathcona Resources Stock Performance

TSE SCR opened at C$39.38 on Wednesday. The business has a 50 day moving average price of C$42.10 and a 200 day moving average price of C$41.67. The company has a market capitalization of C$8.44 billion, a P/E ratio of 9.99, a PEG ratio of -2.02 and a beta of 2.61. Strathcona Resources has a 1-year low of C$25.79 and a 1-year high of C$51.70. The company has a debt-to-equity ratio of 43.82, a current ratio of 0.43 and a quick ratio of 11.09.

Strathcona Resources (TSE:SCR) last posted its earnings results on Thursday, August 6th. The company reported C$1.76 earnings per share for the quarter. The company had revenue of C$2.73 billion for the quarter. Strathcona Resources had a return on equity of 17.02% and a net margin of 19.41%. Sell-side analysts expect that Strathcona Resources will post 2.8494405 EPS for the current fiscal year.

Strathcona Resources Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, September 11th. Strathcona Resources’s dividend payout ratio is presently 30.46%.

Strathcona Resources Company Profile

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.