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

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

Strathcona Resources Trading Up 1.4 %

TSE:SCR opened at C$27.68 on Friday. The company’s 50 day moving average is C$29.41 and its 200-day moving average is C$30.17. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 50.29. Strathcona Resources Ltd. has a 12 month low of C$21.35 and a 12 month high of C$37.69. The firm has a market cap of C$5.93 billion and a price-to-earnings ratio of 6.44.

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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Monday, December 16th. Strathcona Resources’s dividend payout ratio (DPR) is 23.26%.

Analyst Ratings Changes

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