Strathcona Resources Ltd. (TSE:SCR) Senior Officer Dale George Babiak Buys 6,410 Shares

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Dale George Babiak purchased 6,410 shares of the stock in a transaction dated Monday, January 13th. The shares were bought at an average cost of C$31.50 per share, for a total transaction of C$201,915.00.

Strathcona Resources Price Performance

TSE:SCR opened at C$31.16 on Tuesday. The firm has a market cap of C$6.68 billion and a price-to-earnings ratio of 7.25. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29. The company’s 50-day moving average is C$30.37 and its two-hundred day moving average is C$29.97. Strathcona Resources Ltd. has a 12-month low of C$22.45 and a 12-month high of C$37.69.

Strathcona Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.21%. Strathcona Resources’s dividend payout ratio (DPR) is 23.26%.

Analyst Ratings Changes

SCR has been the topic of a number of research reports. 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. Atb Cap Markets cut shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. TD Securities increased their price objective on shares of Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. ATB Capital increased their price objective on shares of Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. Finally, Jefferies Financial Group increased their price objective on shares of Strathcona Resources from C$30.00 to C$32.00 in a research note on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.