Insider Buying: Strathcona Resources Ltd. (TSE:SCR) Director Acquires C$97,668.00 in Stock

Strathcona Resources Ltd. (TSE:SCR) Director Navjeet Dhillon bought 3,000 shares of the stock in a transaction on Friday, November 15th. The shares were bought at an average price of C$32.56 per share, for a total transaction of C$97,668.00.

Navjeet Dhillon also recently made the following trade(s):

• On Monday, August 19th, Navjeet Dhillon acquired 3,455 shares of Strathcona Resources stock. The stock was bought at an average price of C$31.75 per share, for a total transaction of C$109,696.25.

Strathcona Resources Trading Down 0.9 %

Shares of SCR stock opened at C$32.21 on Monday. The firm’s 50-day simple moving average is C$28.01 and its 200-day simple moving average is C$30.61. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09. Strathcona Resources Ltd. has a 1-year low of C$20.16 and a 1-year high of C$37.69. The firm has a market cap of C$6.90 billion and a P/E ratio of 7.49.

Strathcona Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Monday, September 16th. Strathcona Resources’s dividend payout ratio is currently 23.26%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group dropped their price objective on Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating for the company in a research report on Monday, September 16th. ATB Capital lifted their price target on shares of Strathcona Resources from C$37.00 to C$38.00 in a report on Friday. Royal Bank of Canada boosted their price objective on shares of Strathcona Resources from C$34.00 to C$36.00 in a research report on Friday. TD Securities raised their target price on shares of Strathcona Resources from C$30.00 to C$31.00 in a research report on Friday. Finally, Scotiabank lifted their target price on shares of Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$36.13.

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.