Strathcona Resources (TSE:SCR) Stock Gets Price Target Reduction from National Bank Financial

Strathcona Resources (TSE:SCR) had its price target cut by National Bank Financial from C$63.00 to C$62.00 in a research report released on Tuesday,BayStreet reports. They currently have an outperform rating on the stock.

Strathcona Resources Stock Down 1.7%

Shares of TSE:SCR opened at C$42.84 on Tuesday. The firm has a market cap of C$9.18 billion, a P/E ratio of 10.87, a P/E/G ratio of -2.02 and a beta of -0.16. The company has a quick ratio of 11.09, a current ratio of 0.43 and a debt-to-equity ratio of 43.82. Strathcona Resources has a 12-month low of C$25.79 and a 12-month high of C$51.70. The business has a fifty day simple moving average of C$42.24 and a 200 day simple moving average of C$41.85.

Strathcona Resources (TSE:SCR) last announced its earnings results on Thursday, August 6th. The company reported C$1.76 EPS for the quarter. Strathcona Resources had a return on equity of 17.02% and a net margin of 19.41%. The firm had revenue of C$1.40 billion for the quarter. Analysts predict that Strathcona Resources will post 2.85 earnings per share for the current year.

Strathcona Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Monday, September 21st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, September 11th. Strathcona Resources’s dividend payout ratio (DPR) is presently 30.46%.

Strathcona Resources Company Profile

Strathcona is one of North America’s fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.