Allan Grabas Buys 8,802 Shares of Strathcona Resources Ltd. (TSE:SCR) Stock

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Allan Grabas purchased 8,802 shares of Strathcona Resources stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of C$27.47 per share, with a total value of C$241,790.94.

Strathcona Resources Stock Performance

SCR opened at C$26.85 on Wednesday. Strathcona Resources Ltd. has a 12-month low of C$22.75 and a 12-month high of C$37.69. The stock has a market cap of C$5.74 billion and a price-to-earnings ratio of 15.49. The business has a 50 day moving average of C$28.11 and a 200-day moving average of C$28.80. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06.

Strathcona Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.72%. Strathcona Resources’s payout ratio is 57.67%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Atb Cap Markets cut Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Jefferies Financial Group increased their price target on Strathcona Resources from C$30.00 to C$32.00 in a research report on Monday, December 16th. Royal Bank of Canada reduced their price target on Strathcona Resources from C$35.00 to C$34.00 and set a “sector perform” rating for the company in a research report on Thursday, March 6th. CIBC increased their price target on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, January 17th. Finally, Scotiabank raised their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$35.50.

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.