Strathcona Resources Ltd. (TSE:SCR) Senior Officer Pit Kim Chiu Acquires 1,600 Shares

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Pit Kim Chiu purchased 1,600 shares of the stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of C$28.05 per share, with a total value of C$44,887.04.

Strathcona Resources Price Performance

SCR opened at C$27.68 on Friday. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 50.29. The company’s 50-day moving average price is C$29.41 and its 200 day moving average price is C$30.17. The firm has a market cap of C$5.93 billion and a price-to-earnings ratio of 6.44. Strathcona Resources Ltd. has a fifty-two week low of C$21.35 and a fifty-two week high of C$37.69.

Strathcona Resources Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.61%. Strathcona Resources’s payout ratio is 23.26%.

Wall Street Analyst Weigh In

Several equities analysts have commented on SCR shares. Scotiabank increased their price target on shares of Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. TD Securities upped their price target on Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. Atb Cap Markets downgraded shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada upped their price target on shares of Strathcona Resources from C$34.00 to C$36.00 in a research note on Friday, November 15th. Finally, ATB Capital lifted their price objective on Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Three research 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.