Insider Buying: Strathcona Resources Ltd. (TSE:SCR) Director Purchases 3,358 Shares of Stock

Strathcona Resources Ltd. (TSE:SCR) Director Connie De Ciancio bought 3,358 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were acquired at an average cost of C$28.77 per share, with a total value of C$96,609.66.

Strathcona Resources Stock Performance

TSE SCR traded up C$0.78 during trading hours on Tuesday, hitting C$29.54. The company’s stock had a trading volume of 12,751 shares, compared to its average volume of 39,217. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09. The company’s 50 day simple moving average is C$29.41 and its two-hundred day simple moving average is C$30.17. Strathcona Resources Ltd. has a 12 month low of C$21.35 and a 12 month high of C$37.69. The company has a market cap of C$6.33 billion and a P/E ratio of 6.87.

Strathcona Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Monday, December 16th. Strathcona Resources’s dividend payout ratio (DPR) is presently 23.26%.

Analysts Set New Price Targets

Several research firms recently weighed in on SCR. 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 Capital raised their price target on Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Atb Cap Markets cut shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Jefferies Financial Group increased their price objective on shares of Strathcona Resources from C$30.00 to C$32.00 in a research report on Monday, December 16th. Finally, Royal Bank of Canada lifted their target price on shares of Strathcona Resources from C$34.00 to C$36.00 in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.