Strathcona Resources (TSE:SCR) Given a C$42.00 Price Target by National Bankshares Analysts

National Bankshares set a C$42.00 target price on Strathcona Resources (TSE:SCR) in a research report released on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts also recently commented on SCR. Royal Bank Of Canada increased their price target on Strathcona Resources from C$34.00 to C$36.00 in a report on Thursday, May 22nd. Scotiabank upgraded Strathcona Resources to a “strong-buy” rating in a research note on Wednesday, March 19th. ATB Capital raised their price target on shares of Strathcona Resources from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a research report on Tuesday, June 17th. TD Securities cut their price target on shares of Strathcona Resources from C$32.00 to C$29.00 and set a “hold” rating on the stock in a report on Thursday, March 6th. Finally, CIBC reduced their price objective on shares of Strathcona Resources from C$37.00 to C$33.00 in a research note on Thursday, April 10th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Strathcona Resources currently has an average rating of “Hold” and a consensus target price of C$35.75.

Strathcona Resources Stock Down 0.7%

Shares of Strathcona Resources stock opened at C$30.05 on Monday. Strathcona Resources has a 1-year low of C$22.75 and a 1-year high of C$33.93. The company has a market capitalization of C$6.43 billion and a PE ratio of 17.33. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. The business has a 50-day moving average of C$28.64 and a 200-day moving average of C$28.12.

Strathcona Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 23rd were paid a dividend of $0.30 per share. This is a boost from Strathcona Resources’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend was Friday, June 13th. Strathcona Resources’s payout ratio is currently 57.67%.

Insiders Place Their Bets

In related news, Senior Officer Pit Kim Chiu bought 1,665 shares of the stock in a transaction on Wednesday, June 11th. The shares were purchased at an average price of C$30.00 per share, with a total value of C$49,950.00. Insiders have bought a total of 3,490 shares of company stock valued at $98,882 over the last three months. Corporate insiders own 91.34% of the company’s stock.

About Strathcona Resources

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan.