Strathcona Resources Ltd. (TSE:SCR) Senior Officer Buys C$24,000.00 in Stock

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Pit Kim Chiu bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were bought at an average price of C$24.00 per share, with a total value of C$24,000.00.

Strathcona Resources Trading Up 1.6 %

Shares of TSE SCR opened at C$24.54 on Friday. Strathcona Resources Ltd. has a 1-year low of C$22.75 and a 1-year high of C$37.69. The company has a 50-day moving average of C$26.95 and a two-hundred day moving average of C$28.47. The company has a market cap of C$5.25 billion and a PE ratio of 14.15. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06.

Strathcona Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.24%. The ex-dividend date was Friday, March 21st. This is a boost from Strathcona Resources’s previous quarterly dividend of $0.25. Strathcona Resources’s payout ratio is 57.67%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. CIBC cut their price objective on Strathcona Resources from C$37.00 to C$33.00 in a report on Thursday. Royal Bank of Canada cut their price target on shares of Strathcona Resources from C$35.00 to C$34.00 and set a “sector perform” rating for the company in a report on Thursday, March 6th. Scotiabank raised shares of Strathcona Resources to a “strong-buy” rating in a research note on Wednesday, March 19th. TD Securities cut their target price on shares of Strathcona Resources from C$32.00 to C$29.00 and set a “hold” rating for the company in a research note on Thursday, March 6th. Finally, Atb Cap Markets downgraded Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$35.00.

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.