Strathcona Resources (TSE:SCR) Price Target Raised to C$32.00 at Jefferies Financial Group

Strathcona Resources (TSE:SCR - Free Report) had its price objective hoisted by Jefferies Financial Group from C$30.00 to C$32.00 in a research note released on Monday morning,BayStreet.CA reports.

A number of other research firms also recently commented on SCR. ATB Capital lifted their price target on Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. Royal Bank of Canada lifted their target price on Strathcona Resources from C$34.00 to C$36.00 in a research report on Friday, November 15th. TD Securities upped their price target on Strathcona Resources from C$30.00 to C$31.00 in a research report on Friday, November 15th. Finally, Scotiabank raised their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Strathcona Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of C$36.38.

Strathcona Resources Stock Down 1.8 %

Shares of Strathcona Resources stock traded down C$0.53 during trading hours on Monday, hitting C$28.75. 32,446 shares of the company's stock traded hands, compared to its average volume of 39,218. Strathcona Resources has a twelve month low of C$21.35 and a twelve month high of C$37.69. The company has a market cap of C$6.16 billion and a PE ratio of 6.59. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 50.29. The stock has a 50 day simple moving average of C$29.44 and a 200-day simple moving average of C$30.44.

Strathcona Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.48%. Strathcona Resources's dividend payout ratio (DPR) is presently 23.26%.

Insider Buying and Selling

In related news, Director Navjeet Dhillon acquired 3,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of C$32.56 per share, for a total transaction of C$97,668.00. Corporate 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.