Insider Buying: Strathcona Resources Ltd. (TSE:SCR) Senior Officer Purchases 825 Shares of Stock

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Pit Kim Chiu purchased 825 shares of the stock in a transaction on Tuesday, June 24th. The shares were bought at an average price of C$30.22 per share, for a total transaction of C$24,931.50.

Pit Kim Chiu also recently made the following trade(s):

• On Wednesday, June 11th, Pit Kim Chiu acquired 1,665 shares of Strathcona Resources stock. The stock was purchased at an average price of C$30.00 per share, with a total value of C$49,950.00.
• On Friday, April 11th, Pit Kim Chiu bought 1,000 shares of Strathcona Resources stock. The stock was purchased at an average price of C$24.00 per share, for a total transaction of C$24,000.00.

Strathcona Resources Stock Down 0.7%

Shares of SCR opened at C$30.39 on Thursday. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53. The company has a 50-day simple moving average of C$28.38 and a 200-day simple moving average of C$28.13. Strathcona Resources Ltd. has a 52 week low of C$22.75 and a 52 week high of C$33.93. The firm has a market capitalization of C$6.50 billion and a P/E ratio of 17.53.

Strathcona Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 23rd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.95%. This is a positive change from Strathcona Resources’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, June 13th. Strathcona Resources’s payout ratio is currently 57.67%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SCR shares. ATB Capital boosted their target price on shares of Strathcona Resources from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a research report on Tuesday, June 17th. TD Securities dropped their price objective on Strathcona Resources from C$32.00 to C$29.00 and set a “hold” rating on the stock in a research note on Thursday, March 6th. Scotiabank upgraded Strathcona Resources to a “strong-buy” rating in a research note on Wednesday, March 19th. CIBC lowered their target price on Strathcona Resources from C$37.00 to C$33.00 in a report on Thursday, April 10th. Finally, Royal Bank Of Canada lifted their price target on Strathcona Resources from C$34.00 to C$36.00 in a research report on Thursday, May 22nd. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$34.86.

Strathcona Resources Company Profile

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan.