Strathcona Resources Ltd. (TSE:SCR - Get Free Report) Senior Officer Pit Kim Chiu bought 1,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were bought at an average cost of C$24.00 per share, for a total transaction of C$24,000.00.
Strathcona Resources Trading Up 1.6 %
SCR stock opened at C$24.54 on Friday. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06. The firm has a market cap of C$5.25 billion and a P/E ratio of 14.15. Strathcona Resources Ltd. has a 1-year low of C$22.75 and a 1-year high of C$37.69. The business's 50 day moving average is C$26.95 and its 200-day moving average is C$28.47.
Strathcona Resources Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a dividend of $0.26 per share. This is a positive change from Strathcona Resources's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Friday, March 21st. Strathcona Resources's dividend payout ratio is currently 57.67%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Scotiabank upgraded shares of Strathcona Resources to a "strong-buy" rating in a research report on Wednesday, March 19th. Royal Bank of Canada decreased their target price on Strathcona Resources from C$35.00 to C$34.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 6th. TD Securities cut their price target on Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating for the company in a report on Thursday, March 6th. Jefferies Financial Group lifted their price objective on Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. Finally, Atb Cap Markets lowered Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Strathcona Resources presently has an average rating of "Moderate Buy" and an average target price of C$35.00.
View Our Latest Analysis on SCR
About Strathcona Resources
(
Get Free Report)
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.
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