Strathcona Resources (TSE:SCR) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Strathcona Resources (TSE:SCR) had its price objective lifted by Jefferies Financial Group from C$30.00 to C$32.00 in a research report released on Monday,BayStreet.CA reports.

SCR has been the topic of several other research reports. Royal Bank of Canada lifted their price objective on Strathcona Resources from C$34.00 to C$36.00 in a report on Friday, November 15th. TD Securities lifted their price target on shares of Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. ATB Capital boosted their price target on shares of Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Finally, Scotiabank raised their price objective on shares of Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$36.38.

Strathcona Resources Stock Down 1.8 %

SCR stock opened at C$28.75 on Monday. Strathcona Resources has a twelve month low of C$21.35 and a twelve month high of C$37.69. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 50.29. The company has a market cap of C$6.16 billion and a PE ratio of 6.69. The business’s 50-day simple moving average is C$29.46 and its 200 day simple moving average is C$30.40.

Strathcona Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Monday, December 16th. Strathcona Resources’s dividend payout ratio (DPR) is 23.26%.

Insider Buying and Selling at Strathcona Resources

In other news, Director Navjeet Dhillon acquired 3,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of C$32.56 per share, with a total value of C$97,668.00. Company insiders own 91.34% of the company’s stock.

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.