Strathcona Resources Ltd. (TSE:SCR) Declares $0.25 Quarterly Dividend

Strathcona Resources Ltd. (TSE:SCR) declared a quarterly dividend on Monday, December 16th,TickerTech Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.25 per share on Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Monday, December 16th.

Strathcona Resources Stock Performance

SCR traded down C$0.28 during trading on Friday, hitting C$29.28. The stock had a trading volume of 14,133 shares, compared to its average volume of 39,246. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09. The company has a 50 day moving average price of C$29.44 and a 200-day moving average price of C$30.44. Strathcona Resources has a one year low of C$21.33 and a one year high of C$37.69. The firm has a market cap of C$6.27 billion and a price-to-earnings ratio of 6.81.

Insider Activity at Strathcona Resources

In other news, Director Navjeet Dhillon bought 3,000 shares of the stock in a transaction on Friday, November 15th. The stock was acquired at an average price of C$32.56 per share, with a total value of C$97,668.00. 91.34% of the stock is owned by insiders.

Analysts Set New Price Targets

SCR has been the topic of a number of recent research reports. Jefferies Financial Group lowered their price target on shares of Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. TD Securities boosted their price target on Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. ATB Capital raised their price objective on Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. Scotiabank raised their price target on Strathcona Resources from C$35.00 to C$37.00 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 research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$36.13.

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.