Strathcona Resources Ltd. to Issue Quarterly Dividend of $0.25 (TSE:SCR)

Strathcona Resources Ltd. (TSE:SCR) announced a quarterly dividend on Monday, December 16th,TickerTech Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.25 per share on Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Monday, December 16th.

Strathcona Resources Price Performance

TSE SCR traded down C$0.28 during trading on Friday, reaching C$29.28. 14,133 shares of the company traded hands, compared to its average volume of 39,246. Strathcona Resources has a 1-year low of C$21.33 and a 1-year high of C$37.69. The company has a market cap of C$6.27 billion and a price-to-earnings ratio of 6.81. The stock’s 50 day moving average price is C$29.44 and its two-hundred day moving average price is C$30.44. The company has a debt-to-equity ratio of 50.29, a quick ratio of 11.09 and a current ratio of 0.53.

Analysts Set New Price Targets

Several brokerages recently issued reports on SCR. Jefferies Financial Group cut their price target on shares of 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. ATB Capital increased their price target on Strathcona Resources from C$37.00 to C$38.00 in a research report on Friday, November 15th. Scotiabank boosted their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. Royal Bank of Canada boosted their price objective on shares of Strathcona Resources from C$34.00 to C$36.00 in a research report on Friday, November 15th. Finally, TD Securities lifted their target price on Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. Two 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$36.13.

Insider Buying and Selling at Strathcona Resources

In other news, Director Navjeet Dhillon purchased 3,000 shares of Strathcona Resources stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of C$32.56 per share, with a total value of C$97,668.00. 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.