TD Securities Lowers Strathcona Resources (TSE:SCR) Price Target to C$30.00

Strathcona Resources (TSE:SCR - Free Report) had its target price reduced by TD Securities from C$34.00 to C$30.00 in a research note released on Tuesday, BayStreet.CA reports.

SCR has been the topic of a number of other reports. Scotiabank raised shares of Strathcona Resources to a strong-buy rating in a research note on Friday, June 14th. Standpoint Research raised their target price on Strathcona Resources from C$40.00 to C$42.00 in a research report on Thursday, July 11th. Jefferies Financial Group lowered their price target on Strathcona Resources from C$35.00 to C$30.00 and set a hold rating on the stock in a research note on Monday, September 16th. Finally, Royal Bank of Canada decreased their price objective on Strathcona Resources from C$37.00 to C$34.00 in a report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of C$34.25.

Strathcona Resources Price Performance

SCR traded up C$0.43 during trading on Tuesday, hitting C$27.38. The company's stock had a trading volume of 42,616 shares, compared to its average volume of 40,928. The firm has a market capitalization of C$5.87 billion and a price-to-earnings ratio of 6.37. Strathcona Resources has a twelve month low of C$20.16 and a twelve month high of C$37.69. The business's fifty day simple moving average is C$29.73 and its 200 day simple moving average is C$31.26. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29.

Strathcona Resources (TSE:SCR - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$1.43 earnings per share (EPS) for the quarter. The firm had revenue of C$992.90 million for the quarter, compared to analysts' expectations of C$978.00 million. Strathcona Resources had a net margin of 11.62% and a return on equity of 12.32%. On average, equities research analysts forecast that Strathcona Resources will post 2.8503055 EPS for the current fiscal year.

Strathcona Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.65%. The ex-dividend date was Monday, September 16th. Strathcona Resources's payout ratio is currently 23.26%.

Insider Buying and Selling at Strathcona Resources

In other Strathcona Resources news, Director Navjeet Dhillon bought 3,455 shares of the business's stock in a transaction on Monday, August 19th. The stock was bought at an average price of C$31.75 per share, with a total value of C$109,696.25. In related news, Director Navjeet Dhillon purchased 3,455 shares of the company's stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of C$31.75 per share, for a total transaction of C$109,696.25. Also, Senior Officer Scott Seipert purchased 5,000 shares of Strathcona Resources stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average cost of C$30.50 per share, for a total transaction of C$152,500.00. 91.34% of the stock is currently owned by company insiders.

About Strathcona Resources

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.