Strathcona Resources Ltd. (TSE:SCR) Senior Officer Pit Kim Chiu Buys 1,600 Shares

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Pit Kim Chiu purchased 1,600 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of C$28.05 per share, for a total transaction of C$44,887.04.

Strathcona Resources Stock Up 1.4 %

Shares of SCR stock opened at C$27.68 on Friday. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29. Strathcona Resources Ltd. has a twelve month low of C$21.35 and a twelve month high of C$37.69. The stock has a 50 day moving average of C$29.41 and a 200 day moving average of C$30.17. The stock has a market cap of C$5.93 billion and a P/E ratio of 6.44.

Strathcona Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.61%. Strathcona Resources’s dividend payout ratio (DPR) is presently 23.26%.

Analyst Ratings Changes

A number of equities analysts have recently commented on SCR shares. Jefferies Financial Group raised their price objective on shares of Strathcona Resources from C$30.00 to C$32.00 in a research report on Monday, December 16th. Scotiabank upped their price target on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. TD Securities boosted their price objective on shares of Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. ATB Capital lifted their target price on Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Finally, Atb Cap Markets lowered shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$36.38.

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.