Strathcona Resources Ltd. (TSE:SCR) to Issue Quarterly Dividend of $0.25

Strathcona Resources Ltd. (TSE:SCR) announced a quarterly dividend on Monday, December 16th,TickerTech Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.25 per share on Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Monday, December 16th.

Strathcona Resources Price Performance

SCR stock traded down C$0.28 during mid-day trading on Friday, reaching C$29.28. 14,133 shares of the company’s stock were exchanged, compared to its average volume of 39,246. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09. Strathcona Resources has a 12-month low of C$21.33 and a 12-month high of C$37.69. The stock’s 50 day moving average is C$29.44 and its 200 day moving average is C$30.44. The company has a market cap of C$6.27 billion and a price-to-earnings ratio of 6.81.

Insider Activity at Strathcona Resources

In related news, Director Navjeet Dhillon purchased 3,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of C$32.56 per share, with a total value of C$97,668.00. 91.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on SCR. Scotiabank increased their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. ATB Capital increased their target price on shares of Strathcona Resources from C$37.00 to C$38.00 in a research report on Friday, November 15th. Jefferies Financial Group lowered their price target on shares of Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Royal Bank of Canada increased their price objective on shares of Strathcona Resources from C$34.00 to C$36.00 in a report on Friday, November 15th. Finally, TD Securities boosted their target price on Strathcona Resources from C$30.00 to C$31.00 in a report on Friday, November 15th. 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$36.13.

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.