Connie De Ciancio Acquires 3,358 Shares of Strathcona Resources Ltd. (TSE:SCR) Stock

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) Director Connie De Ciancio purchased 3,358 shares of the company's stock in a transaction that occurred on Tuesday, December 24th. The shares were bought at an average cost of C$28.77 per share, with a total value of C$96,609.66.

Strathcona Resources Stock Up 3.9 %

Shares of SCR stock traded up C$1.13 on Tuesday, hitting C$29.89. The stock had a trading volume of 19,615 shares, compared to its average volume of 39,254. Strathcona Resources Ltd. has a 52-week low of C$21.35 and a 52-week high of C$37.69. The firm has a market capitalization of C$6.40 billion and a price-to-earnings ratio of 6.95. The company has a debt-to-equity ratio of 50.29, a quick ratio of 11.09 and a current ratio of 0.53. The stock's 50 day moving average is C$29.41 and its 200-day moving average is C$30.14.

Strathcona Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.35%. Strathcona Resources's dividend payout ratio is presently 23.26%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. TD Securities boosted their price target on Strathcona Resources from C$30.00 to C$31.00 in a research report on Friday, November 15th. Jefferies Financial Group boosted their target price on Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. Atb Cap Markets lowered shares of Strathcona Resources from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Royal Bank of Canada boosted their price objective on shares of Strathcona Resources from C$34.00 to C$36.00 in a research note on Friday, November 15th. Finally, Scotiabank upped their price target on shares of Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.