Navjeet Dhillon Acquires 3,000 Shares of Strathcona Resources Ltd. (TSE:SCR) Stock

Strathcona Resources Ltd. (TSE:SCR) Director Navjeet Dhillon bought 3,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were acquired at an average price of C$32.56 per share, for a total transaction of C$97,668.00.

Navjeet Dhillon also recently made the following trade(s):

• On Monday, August 19th, Navjeet Dhillon acquired 3,455 shares of Strathcona Resources stock. The shares were purchased at an average cost of C$31.75 per share, for a total transaction of C$109,696.25.

Strathcona Resources Trading Down 0.9 %

TSE SCR opened at C$32.21 on Friday. 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 business has a 50 day moving average price of C$28.01 and a 200-day moving average price of C$30.61. Strathcona Resources Ltd. has a 52 week low of C$20.16 and a 52 week high of C$37.69. The company has a market cap of C$6.90 billion and a price-to-earnings ratio of 7.49.

Strathcona Resources (TSE:SCR) last announced its earnings results on Tuesday, August 13th. The company reported C$1.43 EPS for the quarter. The company had revenue of C$992.90 million during the quarter, compared to the consensus estimate of C$978.00 million. Strathcona Resources had a net margin of 11.62% and a return on equity of 12.32%. As a group, equities analysts expect that Strathcona Resources Ltd. will post 2.8494405 earnings per share for the current fiscal year.

Strathcona Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.10%. Strathcona Resources’s dividend payout ratio (DPR) is presently 23.26%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. TD Securities upped their price target on shares of Strathcona Resources from C$30.00 to C$31.00 in a report on Friday. ATB Capital raised their price target on Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday. Jefferies Financial Group lowered their price objective on shares of Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Royal Bank of Canada increased their price target on Strathcona Resources from C$34.00 to C$36.00 in a research note on Friday. Finally, Scotiabank increased their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday. Two investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$36.13.

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.