Navjeet Dhillon Purchases 3,000 Shares of Strathcona Resources Ltd. (TSE:SCR) Stock

Strathcona Resources Ltd. (TSE:SCR) Director Navjeet Dhillon acquired 3,000 shares of the stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of C$32.56 per share, with a total value of C$97,668.00.

Navjeet Dhillon also recently made the following trade(s):

• On Monday, August 19th, Navjeet Dhillon acquired 3,455 shares of Strathcona Resources stock. The stock was bought at an average cost of C$31.75 per share, with a total value of C$109,696.25.

Strathcona Resources Stock Performance

TSE SCR traded down C$0.29 on Friday, hitting C$32.21. 51,340 shares of the stock traded hands, compared to its average volume of 40,266. The business’s fifty day moving average is C$27.95 and its two-hundred day moving average is C$30.61. Strathcona Resources Ltd. has a 12 month low of C$20.16 and a 12 month high of C$37.69. The firm has a market capitalization of C$6.90 billion and a price-to-earnings ratio of 7.53. The company has a debt-to-equity ratio of 50.29, a quick ratio of 11.09 and a current ratio of 0.53.

Strathcona Resources (TSE:SCR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$1.43 earnings per share for the quarter. Strathcona Resources had a return on equity of 12.32% and a net margin of 11.62%. The business had revenue of C$992.90 million during the quarter, compared to analyst estimates of C$978.00 million. As a group, equities analysts anticipate that Strathcona Resources Ltd. will post 2.8494405 EPS for the current fiscal year.

Strathcona Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Monday, September 16th. Strathcona Resources’s payout ratio is currently 23.26%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SCR shares. Scotiabank upped their target price on Strathcona Resources from C$35.00 to C$37.00 in a report on Friday. TD Securities upped their target price on Strathcona Resources from C$30.00 to C$31.00 in a report on Friday. ATB Capital upped their target price on Strathcona Resources from C$37.00 to C$38.00 in a report on Friday. Royal Bank of Canada upped their target price on Strathcona Resources from C$34.00 to C$36.00 in a report on Friday. Finally, 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. Three research 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. Based on data from MarketBeat.com, Strathcona Resources currently has a consensus rating of “Moderate Buy” and an average 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.