Strathcona Resources Ltd. (TSE:SCR) Director Purchases C$109,696.25 in Stock

Strathcona Resources Ltd. (TSE:SCR) Director Navjeet Dhillon purchased 3,455 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of C$31.75 per share, for a total transaction of C$109,696.25.

Strathcona Resources Price Performance

SCR opened at C$31.39 on Thursday. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 50.29. The company’s 50-day moving average price is C$31.53 and its 200 day moving average price is C$30.40. Strathcona Resources Ltd. has a fifty-two week low of C$1.86 and a fifty-two week high of C$37.69. The firm has a market cap of C$6.72 billion and a price-to-earnings ratio of 7.30.

Strathcona Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, September 16th. Strathcona Resources’s payout ratio is 23.26%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SCR shares. Scotiabank raised shares of Strathcona Resources to a “strong-buy” rating in a research report on Friday, June 14th. Standpoint Research lifted their price target on Strathcona Resources from C$40.00 to C$42.00 in a research note on Thursday, July 11th. BMO Capital Markets upped their price objective on Strathcona Resources from C$33.00 to C$35.00 in a research note on Wednesday, May 15th. Finally, TD Securities lifted their target price on Strathcona Resources from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research report on Thursday, May 16th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$35.50.

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.