Strathcona Resources (TSE:SCR) Price Target Lowered to C$29.00 at TD Securities

Strathcona Resources (TSE:SCR - Free Report) had its price target decreased by TD Securities from C$32.00 to C$29.00 in a report issued on Thursday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Strathcona Resources from C$30.00 to C$32.00 in a research note on Monday, December 16th. Scotiabank raised their price target on shares of Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. ATB Capital raised their price objective on shares of Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. CIBC raised their price objective on shares of Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, January 17th. Finally, Atb Cap Markets lowered shares of Strathcona Resources from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$35.50.

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Strathcona Resources Price Performance

Shares of SCR traded down C$0.84 during mid-day trading on Thursday, reaching C$26.55. The company had a trading volume of 56,004 shares, compared to its average volume of 50,174. The company's 50 day simple moving average is C$28.20 and its 200 day simple moving average is C$28.83. Strathcona Resources has a 1-year low of C$22.75 and a 1-year high of C$37.69. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53. The company has a market capitalization of C$5.68 billion and a price-to-earnings ratio of 15.31.

Strathcona Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 3.77%. Strathcona Resources's payout ratio is 57.67%.

Insiders Place Their Bets

In other news, Senior Officer Pit Kim Chiu purchased 1,600 shares of the stock in a transaction on Friday, December 20th. The stock was purchased at an average price of C$28.05 per share, for a total transaction of C$44,887.04. Also, Senior Officer Allan Grabas purchased 8,802 shares of the stock in a transaction on Monday, March 10th. The shares were purchased at an average price of C$27.47 per share, with a total value of C$241,790.94. In the last 90 days, insiders bought 20,450 shares of company stock worth $593,656. 91.34% of the stock is currently owned by 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.