Strathcona Resources (TSE:SCR) Upgraded by Natl Bk Canada to “Strong-Buy” Rating

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

A number of other analysts have also recently issued reports on SCR. ATB Capital cut their target price on Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. Scotiabank lowered their price objective on Strathcona Resources from C$40.00 to C$33.00 in a report on Tuesday, December 30th. National Bankshares upgraded Strathcona Resources from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from C$36.00 to C$32.00 in a report on Friday. Royal Bank Of Canada upped their target price on Strathcona Resources from C$36.00 to C$40.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 16th. Finally, TD Securities lifted their price target on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$33.57.

Strathcona Resources Stock Down 0.9%

Strathcona Resources stock opened at C$26.50 on Friday. The firm’s 50 day moving average price is C$37.66 and its two-hundred day moving average price is C$36.09. The firm has a market cap of C$5.68 billion, a PE ratio of 5.18, a P/E/G ratio of -2.02 and a beta of 2.61. Strathcona Resources has a twelve month low of C$22.75 and a twelve month high of C$45.09. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53.

Strathcona Resources Announces Dividend

The company also recently declared 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. This represents a $1.20 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, December 5th. 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.