Strathcona Resources Ltd. (TSE:SCR) Senior Officer Dale George Babiak Acquires 6,410 Shares

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Dale George Babiak purchased 6,410 shares of Strathcona Resources stock in a transaction on Monday, January 13th. The shares were acquired at an average price of C$31.50 per share, with a total value of C$201,915.00.

Strathcona Resources Trading Up 0.3 %

Strathcona Resources stock traded up C$0.09 during midday trading on Monday, reaching C$31.16. The stock had a trading volume of 62,865 shares, compared to its average volume of 28,442. The firm’s fifty day simple moving average is C$30.31 and its two-hundred day simple moving average is C$29.98. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09. Strathcona Resources Ltd. has a twelve month low of C$22.45 and a twelve month high of C$37.69. The firm has a market cap of C$6.68 billion and a price-to-earnings ratio of 7.25.

Strathcona Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.21%. Strathcona Resources’s dividend payout ratio is 23.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SCR. Scotiabank increased their price target on Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. Jefferies Financial Group lifted their target price on Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. Royal Bank of Canada lifted their price objective on shares of Strathcona Resources from C$34.00 to C$36.00 in a research note on Friday, November 15th. Atb Cap Markets lowered shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, ATB Capital upped their price target on Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$36.38.

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.