Strathcona Resources Ltd. (TSE:SCR) Senior Officer Pit Kim Chiu Buys 1,000 Shares

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Pit Kim Chiu bought 1,000 shares of Strathcona Resources stock in a transaction dated Friday, April 11th. The stock was acquired at an average cost of C$24.00 per share, for a total transaction of C$24,000.00.

Strathcona Resources Stock Performance

Shares of Strathcona Resources stock opened at C$24.54 on Friday. The stock’s fifty day simple moving average is C$26.95 and its 200 day simple moving average is C$28.47. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06. The company has a market capitalization of C$5.25 billion and a PE ratio of 14.15. Strathcona Resources Ltd. has a 12 month low of C$22.75 and a 12 month high of C$37.69.

Strathcona Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a dividend of $0.26 per share. The ex-dividend date was Friday, March 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.24%. This is a positive change from Strathcona Resources’s previous quarterly dividend of $0.25. Strathcona Resources’s dividend payout ratio (DPR) is currently 57.67%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SCR. Royal Bank of Canada cut their price objective on shares of Strathcona Resources from C$35.00 to C$34.00 and set a “sector perform” rating on the stock in a report on Thursday, March 6th. CIBC cut their price target on Strathcona Resources from C$37.00 to C$33.00 in a research note on Thursday. Atb Cap Markets lowered Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. TD Securities dropped their price objective on Strathcona Resources from C$32.00 to C$29.00 and set a “hold” rating for the company in a report on Thursday, March 6th. Finally, Jefferies Financial Group increased their target price on Strathcona Resources from C$30.00 to C$32.00 in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$35.00.

About Strathcona Resources

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.