Connie De Ciancio Buys 3,358 Shares of Strathcona Resources Ltd. (TSE:SCR) Stock

Strathcona Resources Ltd. (TSE:SCR) Director Connie De Ciancio purchased 3,358 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were purchased at an average cost of C$28.77 per share, for a total transaction of C$96,609.66.

Strathcona Resources Price Performance

Shares of Strathcona Resources stock opened at C$29.89 on Friday. The business’s fifty day moving average price is C$29.59 and its 200 day moving average price is C$30.06. Strathcona Resources Ltd. has a twelve month low of C$21.35 and a twelve month 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 stock has a market capitalization of C$6.40 billion and a P/E ratio of 6.95.

Strathcona Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Monday, December 16th. Strathcona Resources’s dividend payout ratio is currently 23.26%.

Analyst Ratings Changes

A number of analysts recently issued reports on SCR shares. Scotiabank raised their target price on shares of Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. TD Securities raised their price objective on Strathcona Resources from C$30.00 to C$31.00 in a report on Friday, November 15th. Jefferies Financial Group upped their target price on Strathcona Resources from C$30.00 to C$32.00 in a research note on Monday, December 16th. ATB Capital raised their price target on Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. Finally, Royal Bank of Canada lifted their price target on Strathcona Resources from C$34.00 to C$36.00 in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.