Royal Bank of Canada Has Lowered Expectations for Strathcona Resources (TSE:SCR) Stock Price

Strathcona Resources (TSE:SCR - Free Report) had its price target decreased by Royal Bank of Canada from C$36.00 to C$35.00 in a research report released on Tuesday morning,BayStreet.CA reports.

SCR has been the subject of a number of other research reports. Jefferies Financial Group raised their price target on shares of Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. Scotiabank boosted their target price on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. Atb Cap Markets cut Strathcona Resources from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. ATB Capital raised their price target on Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Finally, TD Securities upped their target price on shares of Strathcona Resources from C$30.00 to C$31.00 in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$36.25.

Strathcona Resources Price Performance

Shares of SCR stock traded down C$1.15 during mid-day trading on Tuesday, reaching C$30.01. The company's stock had a trading volume of 42,370 shares, compared to its average volume of 29,990. 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 firm's 50-day moving average is C$30.40 and its two-hundred day moving average is C$29.95. Strathcona Resources has a 1-year low of C$22.45 and a 1-year high of C$37.69. The company has a market cap of C$6.43 billion and a P/E ratio of 6.98.

Strathcona Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.33%. Strathcona Resources's dividend payout ratio is currently 23.26%.

Insider Buying and Selling

In other Strathcona Resources news, Director Navjeet Dhillon acquired 3,000 shares of Strathcona Resources stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of C$32.56 per share, for a total transaction of C$97,668.00. Also, Senior Officer Pit Kim Chiu bought 1,600 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of C$28.05 per share, for a total transaction of C$44,887.04. Over the last three months, insiders bought 14,368 shares of company stock worth $441,080. 91.34% of the stock is owned by corporate insiders.

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.