Jefferies Financial Group Issues Positive Forecast for Strathcona Resources (TSE:SCR) Stock Price

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

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

Strathcona Resources Price Performance

Shares of TSE:SCR opened at C$27.65 on Monday. The company has a 50-day moving average price of C$29.45 and a two-hundred day moving average price of C$30.30. 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 firm has a market capitalization of C$5.92 billion and a PE ratio of 6.43.

Strathcona Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.62%. The ex-dividend date is Monday, December 16th. Strathcona Resources’s dividend payout ratio (DPR) is currently 23.26%.

Insider Activity

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

Strathcona Resources Company Profile

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.