Strathcona Resources Ltd. (TSE:SCR) Senior Officer Buys C$241,790.94 in Stock

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) Senior Officer Allan Grabas acquired 8,802 shares of Strathcona Resources stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of C$27.47 per share, for a total transaction of C$241,790.94.

Strathcona Resources Trading Up 2.6 %

Shares of TSE SCR traded up C$0.71 during trading on Friday, reaching C$27.60. The stock had a trading volume of 23,824 shares, compared to its average volume of 48,986. Strathcona Resources Ltd. has a fifty-two week low of C$22.75 and a fifty-two week high of C$37.69. 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 business's 50-day moving average price is C$27.87 and its 200-day moving average price is C$28.73. The company has a market cap of C$5.90 billion and a P/E ratio of 15.92.

Strathcona Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Strathcona Resources's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.77%. Strathcona Resources's payout ratio is presently 57.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SCR. CIBC lifted their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, January 17th. ATB Capital raised their target price on Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. Jefferies Financial Group raised their target price on Strathcona Resources from C$30.00 to C$32.00 in a research note on Monday, December 16th. Scotiabank raised their target price on Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. Finally, Atb Cap Markets cut Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Strathcona Resources presently has an average rating of "Moderate Buy" and an average price target of C$35.50.

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Strathcona Resources Company Profile

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.