Strathcona Resources Ltd. (TSE:SCR - Get Free Report) Senior Officer Pit Kim Chiu purchased 1,600 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was purchased at an average cost of C$28.05 per share, with a total value of C$44,887.04.
Strathcona Resources Price Performance
Shares of SCR traded up C$0.37 during mid-day trading on Friday, hitting C$27.68. The company's stock had a trading volume of 37,227 shares, compared to its average volume of 39,355. The firm has a 50-day moving average price of C$29.41 and a 200 day moving average price of C$30.17. The stock has a market capitalization of C$5.93 billion and a price-to-earnings ratio of 6.44. 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 fifty-two week low of C$21.35 and a fifty-two week high of C$37.69.
Strathcona Resources Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.61%. Strathcona Resources's payout ratio is 23.26%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Scotiabank increased their target price on shares of Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. Atb Cap Markets lowered Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Royal Bank of Canada raised their target price on shares of Strathcona Resources from C$34.00 to C$36.00 in a research note on Friday, November 15th. TD Securities boosted their target price on Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. Finally, ATB Capital lifted their target price on shares of Strathcona Resources from C$37.00 to C$38.00 in a research note 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 given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$36.38.
Check Out Our Latest Stock 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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