Strathcona Resources Ltd. (TSE:SCR - Get Free Report) shares fell 4.3% on Friday . The stock traded as low as C$29.45 and last traded at C$29.50. 34,187 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 39,602 shares. The stock had previously closed at C$30.84.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on SCR shares. Jefferies Financial Group decreased their price objective on Strathcona Resources from C$35.00 to C$30.00 and set a "hold" rating on the stock in a report on Monday, September 16th. TD Securities raised their price target on Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. Scotiabank upped their price objective on shares of Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. ATB Capital raised 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, Royal Bank of Canada boosted their target price on shares of Strathcona Resources from C$34.00 to C$36.00 in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$36.13.
Read Our Latest Report on Strathcona Resources
Strathcona Resources Stock Performance
The stock's 50-day moving average is C$29.21 and its 200-day moving average is C$30.61. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29. The stock has a market cap of C$6.32 billion and a price-to-earnings ratio of 6.86.
Strathcona Resources Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Monday, September 16th. Strathcona Resources's payout ratio is currently 23.26%.
Insider Activity
In related news, Director Navjeet Dhillon purchased 3,000 shares of the firm's stock in a transaction on Friday, November 15th. The stock was purchased at an average price of C$32.56 per share, for a total transaction of C$97,668.00. Insiders own 91.34% of the company's stock.
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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