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 Strathcona Resources stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average price of C$31.50 per share, with a total value of C$201,915.00.

Strathcona Resources Stock Performance

Shares of SCR opened at C$31.16 on Tuesday. The company has a debt-to-equity ratio of 50.29, a quick ratio of 11.09 and a current ratio of 0.53. The stock has a market capitalization of C$6.68 billion and a P/E ratio of 7.25. The company’s fifty day moving average is C$30.37 and its two-hundred day moving average is C$29.97. Strathcona Resources Ltd. has a 1 year low of C$22.45 and a 1 year high of C$37.69.

Strathcona Resources Announces Dividend

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

Analyst Upgrades and Downgrades

SCR has been the subject of several research reports. Jefferies Financial Group upped their price target on shares of Strathcona Resources from C$30.00 to C$32.00 in a research report on Monday, December 16th. TD Securities upped their price target on shares of Strathcona Resources from C$30.00 to C$31.00 in a research report on Friday, November 15th. Atb Cap Markets downgraded shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Royal Bank of Canada upped their price target on shares of Strathcona Resources from C$34.00 to C$36.00 in a research report on Friday, November 15th. Finally, Scotiabank boosted their price objective on shares of Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Strathcona Resources currently has a consensus rating of “Moderate Buy” and a consensus 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.