Strathcona Resources (TSE:SCR) PT Lowered to C$34.00 at Royal Bank of Canada

Strathcona Resources (TSE:SCR) had its target price decreased by Royal Bank of Canada from C$37.00 to C$34.00 in a research note issued to investors on Tuesday, BayStreet.CA reports.

Several other equities analysts have also recently commented on the stock. Scotiabank raised shares of Strathcona Resources to a strong-buy rating in a research note on Friday, June 14th. Jefferies Financial Group dropped their target price on shares of Strathcona Resources from C$35.00 to C$30.00 and set a hold rating on the stock in a report on Monday, September 16th. Finally, Standpoint Research boosted their target price on shares of Strathcona Resources from C$40.00 to C$42.00 in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Strathcona Resources currently has a consensus rating of Moderate Buy and a consensus target price of C$34.25.

Strathcona Resources Stock Performance

The firm has a market cap of C$5.80 billion and a PE ratio of 6.33. 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$30.45 and its 200-day moving average is C$31.17. Strathcona Resources has a 52 week low of C$20.16 and a 52 week high of C$37.69.

Strathcona Resources (TSE:SCR) last released its earnings results on Tuesday, August 13th. The company reported C$1.43 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%. Research analysts expect that Strathcona Resources will post 4.0757143 earnings per share for the current fiscal year.

Strathcona Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of ∞. Strathcona Resources’s dividend payout ratio is currently 23.26%.

Insider Activity

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