Strathcona Resources Ltd. (TSE:SCR - Get Free Report) Senior Officer Pit Kim Chiu bought 1,000 shares of the stock in a transaction dated Friday, April 11th. The shares were bought at an average cost of C$24.00 per share, with a total value of C$24,000.00.
Strathcona Resources Price Performance
Shares of Strathcona Resources stock traded up C$1.09 during trading hours on Thursday, reaching C$26.18. The stock had a trading volume of 10,580 shares, compared to its average volume of 45,111. Strathcona Resources Ltd. has a twelve month low of C$22.75 and a twelve month high of C$37.69. The firm has a market capitalization of C$5.60 billion and a PE ratio of 15.10. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06. The stock's 50 day moving average is C$26.82 and its 200 day moving average is C$28.42.
Strathcona Resources Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, March 21st. This is a positive change from Strathcona Resources's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 3.97%. Strathcona Resources's dividend payout ratio (DPR) is currently 57.67%.
Analysts Set New Price Targets
Several equities analysts have recently commented on SCR shares. CIBC cut their price target on Strathcona Resources from C$37.00 to C$33.00 in a research note on Thursday, April 10th. Royal Bank of Canada reduced their price target on Strathcona Resources from C$35.00 to C$34.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 6th. Atb Cap Markets cut Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. TD Securities reduced their target price on Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating on the stock in a research report on Thursday, March 6th. Finally, Scotiabank raised Strathcona Resources to a "strong-buy" rating in a report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Strathcona Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of C$35.00.
Get Our Latest Analysis on SCR
About Strathcona Resources
(
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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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