Strathcona Resources Ltd. (SCR) To Go Ex-Dividend on March 21st

Strathcona Resources Ltd. (TSE:SCR) announced a quarterly dividend on Friday, March 21st, TickerTech Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.26 per share on Monday, March 31st. This represents a $1.04 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, March 21st. This is a 4.0% increase from Strathcona Resources’s previous quarterly dividend of $0.25.

Strathcona Resources Stock Performance

Shares of Strathcona Resources stock opened at C$27.80 on Wednesday. The company has a market cap of C$5.95 billion and a PE ratio of 16.03. Strathcona Resources has a 52 week low of C$22.75 and a 52 week high of C$37.69. The business has a 50 day moving average price of C$27.72 and a 200-day moving average price of C$28.66. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Atb Cap Markets downgraded 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 decreased 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. TD Securities decreased their price target on Strathcona Resources from C$32.00 to C$29.00 and set a “hold” rating for the company in a research report on Thursday, March 6th. Finally, CIBC increased their price target on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, January 17th. Four investment 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 stock. Based on data from MarketBeat, Strathcona Resources currently has a consensus rating of “Moderate Buy” and an average target price of C$35.50.

Insider Transactions at Strathcona Resources

In other Strathcona Resources news, Senior Officer Allan Grabas acquired 8,802 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of C$27.47 per share, with a total value of C$241,790.94. Also, Senior Officer Dale George Babiak acquired 6,410 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average cost of C$31.50 per share, with a total value of C$201,915.00. Insiders purchased 20,450 shares of company stock valued at $593,656 over the last three months. Company insiders own 91.34% of the company’s stock.

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.