Strathcona Resources Ltd. (TSE:SCR) Senior Officer Purchases C$241,790.94 in Stock

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

Strathcona Resources Trading Down 3.2 %

TSE SCR traded down C$0.88 during mid-day trading on Monday, reaching C$26.51. 14,769 shares of the stock were exchanged, compared to its average volume of 49,210. The stock has a market capitalization of C$5.67 billion and a PE ratio of 15.29. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53. Strathcona Resources Ltd. has a 1-year low of C$22.75 and a 1-year high of C$37.69. The business’s fifty day simple moving average is C$28.28 and its 200 day simple moving average is C$28.87.

Strathcona Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.77%. Strathcona Resources’s payout ratio is currently 57.67%.

Analyst Ratings Changes

A number of equities analysts have commented on SCR shares. Scotiabank upped their price objective on shares of Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. TD Securities decreased their price objective on shares of Strathcona Resources from C$32.00 to C$29.00 and set a “hold” rating on the stock in a research report on Thursday. Jefferies Financial Group raised their target price on shares of Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. ATB Capital upped their price target on shares of Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Finally, CIBC raised their price objective on shares of Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$35.50.

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.