Strathcona Resources (TSE:SCR) Upgraded at Natl Bk Canada

Natl Bk Canada upgraded shares of Strathcona Resources (TSE:SCR) from a hold rating to a strong-buy rating in a research report released on Friday,Zacks.com reports.

Several other research analysts have also commented on the company. National Bankshares raised Strathcona Resources from a “sector perform” rating to an “outperform” rating and cut their price objective for the stock from C$36.00 to C$32.00 in a report on Friday. ATB Capital cut their price target on shares of Strathcona Resources from C$42.00 to C$32.00 in a research note on Tuesday, December 23rd. Jefferies Financial Group decreased their price target on shares of Strathcona Resources from C$38.00 to C$29.00 in a report on Monday, January 5th. TD Securities lifted their price objective on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Finally, Scotiabank cut their target price on shares of Strathcona Resources from C$40.00 to C$33.00 in a research report on Tuesday, December 30th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$33.57.

Strathcona Resources Price Performance

Shares of TSE SCR opened at C$26.50 on Friday. The firm has a market capitalization of C$5.68 billion, a P/E ratio of 5.18, a P/E/G ratio of -2.02 and a beta of 2.61. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. The stock’s 50-day simple moving average is C$37.66 and its two-hundred day simple moving average is C$36.17. Strathcona Resources has a twelve month low of C$22.75 and a twelve month high of C$45.09.

Strathcona Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. Strathcona Resources’s dividend payout ratio (DPR) is currently 21.68%.

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. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.