Insider Buying: Strathcona Resources Ltd. (TSE:SCR) Director Acquires 3,358 Shares of Stock

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

Strathcona Resources Price Performance

SCR stock opened at C$29.89 on Wednesday. The company has a market capitalization of C$6.40 billion and a PE ratio of 6.95. The company’s fifty day moving average price is C$29.41 and its 200-day moving average price is C$30.14. Strathcona Resources Ltd. has a one year low of C$21.35 and a one year high of C$37.69. The company has a debt-to-equity ratio of 50.29, a quick ratio of 11.09 and a current ratio of 0.53.

Strathcona Resources Announces Dividend

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

Wall Street Analyst Weigh In

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