Strathcona Resources Ltd. (TSE:SCR) Director Connie De Ciancio Buys 3,358 Shares

Strathcona Resources Ltd. (TSE:SCR) Director Connie De Ciancio acquired 3,358 shares of the stock in a transaction dated Tuesday, December 24th. The stock was bought at an average price of C$28.77 per share, for a total transaction of C$96,609.66.

Strathcona Resources Trading Up 3.9 %

SCR opened at C$29.89 on Thursday. Strathcona Resources Ltd. has a 1-year low of C$21.35 and a 1-year high of C$37.69. The firm has a 50-day moving average price of C$29.48 and a two-hundred day moving average price of C$30.11. The stock has a market capitalization of C$6.40 billion and a PE ratio of 6.95. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29.

Strathcona Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.35%. The ex-dividend date is Monday, December 16th. Strathcona Resources’s dividend payout ratio (DPR) is presently 23.26%.

Analysts Set New Price Targets

SCR has been the topic of a number of analyst reports. Royal Bank of Canada upped their price target on Strathcona Resources from C$34.00 to C$36.00 in a research report on Friday, November 15th. ATB Capital upped their target price on shares of Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Jefferies Financial Group lifted their price target on shares of Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. TD Securities boosted their price target on shares of Strathcona Resources from C$30.00 to C$31.00 in a research report on Friday, November 15th. Finally, Scotiabank raised their price objective on shares of Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$36.38.

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.