Strathcona Resources Ltd. (SCR) to Issue Quarterly Dividend of $0.25 on December 31st

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 paid a dividend of 0.25 per share on Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Monday, December 16th.

Strathcona Resources Price Performance

TSE:SCR traded down C$0.28 during mid-day trading on Friday, reaching C$29.28. 14,133 shares of the stock were exchanged, compared to its average volume of 39,246. Strathcona Resources has a 1-year low of C$21.33 and a 1-year high of C$37.69. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29. The business has a fifty day moving average price of C$29.44 and a 200 day moving average price of C$30.44. The firm has a market capitalization of C$6.27 billion and a PE ratio of 6.81.

Insiders Place Their Bets

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

Analyst Ratings Changes

SCR has been the topic of several research reports. Royal Bank of Canada upped their price target on Strathcona Resources from C$34.00 to C$36.00 in a report on Friday, November 15th. TD Securities lifted their target price on Strathcona Resources from C$30.00 to C$31.00 in a report on Friday, November 15th. Jefferies Financial Group reduced their target price on Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating for the company in a report on Monday, September 16th. Scotiabank boosted their price objective on Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, November 15th. Finally, ATB Capital lifted their target price on shares of Strathcona Resources from C$37.00 to C$38.00 in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Strathcona Resources currently has a consensus rating of “Moderate Buy” and a consensus 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.