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

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

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

Strathcona Resources Stock Up 1.7%

TSE SCR opened at C$30.56 on Monday. The firm has a market cap of C$6.54 billion and a PE ratio of 17.63. Strathcona Resources has a one year low of C$22.75 and a one year high of C$33.72. The stock’s 50 day simple moving average is C$28.82 and its 200 day simple moving average is C$28.15. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09.

Strathcona Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 23rd were paid a $0.30 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.93%. This is an increase from Strathcona Resources’s previous quarterly dividend of $0.26. Strathcona Resources’s dividend payout ratio is 57.67%.

Insider Buying and Selling at Strathcona Resources

In related news, Senior Officer Pit Kim Chiu purchased 1,665 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were bought at an average price of C$30.00 per share, with a total value of C$49,950.00. Over the last 90 days, insiders acquired 3,490 shares of company stock valued at $98,882. 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.