Pit Kim Chiu Purchases 1,600 Shares of Strathcona Resources Ltd. (TSE:SCR) Stock

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Pit Kim Chiu acquired 1,600 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of C$28.05 per share, with a total value of C$44,887.04.

Strathcona Resources Stock Performance

Strathcona Resources stock opened at C$27.68 on Monday. The company has a 50 day moving average price of C$29.41 and a 200-day moving average price of C$30.17. 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 Ltd. has a fifty-two week low of C$21.35 and a fifty-two week high of C$37.69. The company has a market capitalization of C$5.93 billion and a PE ratio of 6.44.

Strathcona Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Monday, December 16th. Strathcona Resources’s dividend payout ratio is presently 23.26%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SCR shares. Jefferies Financial Group raised their price objective on Strathcona Resources from C$30.00 to C$32.00 in a research report on Monday, December 16th. 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 boosted their target price on Strathcona Resources from C$30.00 to C$31.00 in a research report on Friday, November 15th. ATB Capital boosted their target price on Strathcona Resources from C$37.00 to C$38.00 in a research report on Friday, November 15th. Finally, Scotiabank boosted their target price on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock 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.