Strathcona Resources (TSE:SCR) Hits New 52-Week Low - Here's What Happened

Strathcona Resources Ltd. (TSE:SCR - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$23.50 and last traded at C$23.56, with a volume of 22311 shares changing hands. The stock had previously closed at C$24.49.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SCR shares. Royal Bank of Canada reduced their price target on shares of Strathcona Resources from C$35.00 to C$34.00 and set a "sector perform" rating for the company in a report on Thursday. TD Securities dropped their target price on shares of Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating on the stock in a research report on Thursday. CIBC boosted their target price on shares of Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, January 17th. ATB Capital boosted their target price on shares of Strathcona Resources from C$37.00 to C$38.00 in a research report on Friday, November 15th. Finally, Scotiabank boosted their target price on shares of Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$35.50.

Strathcona Resources Price Performance

The firm's fifty day moving average price is C$28.28 and its 200 day moving average price is C$28.87. The firm has a market capitalization of C$5.86 billion and a PE ratio of 15.80. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06.

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Strathcona Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Monday, December 16th. Strathcona Resources's dividend payout ratio (DPR) is currently 57.67%.

Insider Buying and Selling

In other Strathcona Resources news, Senior Officer Dale George Babiak bought 6,410 shares of Strathcona Resources stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of C$31.50 per share, for a total transaction of C$201,915.00. Also, Director Connie De Ciancio bought 3,358 shares of Strathcona Resources stock in a transaction dated Tuesday, December 24th. The stock was acquired at an average price of C$28.77 per share, with a total value of C$96,609.66. Over the last three months, insiders have bought 11,648 shares of company stock valued at $351,865. Corporate insiders own 91.34% of the company's stock.

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.