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

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

Other equities analysts have also issued reports about the company. Jefferies Financial Group cut their target price on 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. Royal Bank of Canada cut their target price on Strathcona Resources from C$37.00 to C$34.00 in a report on Tuesday, September 17th. Scotiabank upgraded Strathcona Resources to a strong-buy rating in a report on Friday, June 14th. Finally, Standpoint Research raised their target price on Strathcona Resources from C$40.00 to C$42.00 in a report on Thursday, July 11th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of C$34.25.

Strathcona Resources Price Performance

SCR opened at C$28.05 on Tuesday. The stock has a market cap of C$6.01 billion and a price-to-earnings ratio of 6.52. Strathcona Resources has a 1 year low of C$20.16 and a 1 year high of C$37.69. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29. The stock has a fifty day moving average price of C$29.49 and a 200 day moving average price of C$31.27.

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

Strathcona Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a $0.25 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.57%. Strathcona Resources’s payout ratio is presently 23.26%.

Insider Transactions at Strathcona Resources

In other Strathcona Resources news, Senior Officer Scott Seipert acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost 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 stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost 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 stock in a transaction that occurred on 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 currently owned by corporate 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.